KUWAIT CITY, March 21: The Court of Appeal has acquitted a former Member of Parliament (MP) of charges related to smuggling and money laundering amounting to 257 million dinars. The ruling also included a verdict for two Jordanians, sentencing them to 3 and 8 years in prison respectively, along with a fine of one million dinars.

The Public Prosecution had accused the defendants of engaging in money laundering, involving a substantial sum of a quarter- billion dinars. The accusation revolved around the deliberate possession and acquisition of funds known to be obtained from fraudulent activities. It was alleged that they collected these funds through various means, including depositing them into personal accounts and a company owned by the former MP. The investigation revealed a complex network of financial transactions involving banking institutions, real estate companies, an engineering consulting office, and other entities owned by the primary defendant in Kuwaiti banks.

By Jaber Al-Humoud
Al-Seyassah/Arab Times Staff