Kuwait court acquits banker in funds scandal case

08/04/2026

Kuwait court acquits banker in funds scandal case

KUWAIT CITY, April 8: The Court of Appeals upheld the ruling of the lower court, which acquitted one of the defendants in the case of forging bank documents and misappropriating loans amounting to KD348,000 from a bank. Attorney Fadhil Al-Basmaan represented the defendant in court.

The case involves nine individuals accused of conspiring to obtain bank loans by submitting forged official and banking documents. These documents contained false information that enabled them to mislead a bank employee acting in good faith and then secure the approval and disbursement of the loans.

The Public Prosecution charged the acquitted defendant with aiding and abetting the other accused by supplying information and acting as an intermediary to obtain the forged official documents, which were used to open bank accounts and finalize loan agreements. The prosecution also accused the defendant of facilitating the misappropriation of funds by providing the other defendants with the documents for use in banking procedures, leading to the commission of the crime, as stated in the investigation report.

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