Malaysian Fund case enters advanced stage of investigations; proof awaited

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KUWAIT CITY, Aug 19: The case of the ‘Malaysian Fund’ has entered an advanced stage of investigations, reports Al-Qabas daily. An informed source said the Kuwait Public Prosecution is in contact with the judicial authorities in Malaysia and has shown its willingness to join the Malaysian investigating team and has allegedly submitted documents and evidences including bank money transfers.

The source described this step as extremely important in order to complete investigations so the case be looked into in-depth, and indicated at the same time that lack of documents from the Malaysian side has made it difficult for the Kuwaiti judiciary to release the suspects on bail, although a travel ban has already been slapped on them.

The source expects that the Malaysian judicial authorities to prepare the files now, because the issue is related to the state money. In the event Malaysia sends accurate information about money and the data about suspicious money-laundering activity and what method was used, the source says, this will form a strong basis to file indictment charges, in addition to sending the suspects to prison.

The source added, the ball now is in Malaysian court, because the issue in contention is money belonging to the Malaysian government. Kuwait is waiting for a response.

This news has been read 16338 times!