19/04/2026
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19/04/2026
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KUWAIT CITY, Apr 19: A major financial fraud case has rocked a local contracting firm after Kuwait’s Criminal Security Sector referred a Lebanese national to the Public Prosecution over the alleged embezzlement of KD164,000, in a scheme authorities say unfolded quietly over two years.
The suspect, who served as general manager of a general trading and contracting company, is accused of abusing his position to siphon off company funds through a web of fraudulent invoices issued to fictitious firms.
The case came to light when the company’s legal representative filed a breach of trust complaint at the Maidan Hawally Police Station, following a detailed financial and legal audit that uncovered alarming discrepancies. Investigators found that large sums had gone missing — and that the accused himself had signed off on invoices linked to non-existent companies.
According to a security source, the case was escalated to the Criminal Security Sector, which summoned the suspect for questioning. Faced with the audit findings, he allegedly confessed to orchestrating the embezzlement over an extended period.
During interrogation, the accused reportedly admitted that part of the stolen money remained in his bank account, while another portion had been transferred abroad to his home country. He also acknowledged using the funds to purchase three vehicles — for himself, his wife, and his daughter.
Authorities have now referred the case to prosecutors as investigations continue into the full scope of the financial misconduct.
Security officials, commenting on the case, warned companies against complacency, stressing that regular financial audits and strict oversight are essential safeguards against internal fraud. They cautioned that financial crimes often thrive under the false assumption that they will go undetected — until it is too late.
