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Thursday , September 28 2023

Public Prosecution refers new real estate fraud case to Criminal Court

This post has been read 12389 times!

KUWAIT CITY, May 8: The Public Funds Prosecution has referred a company specialized in organizing real estate exhibitions to the Criminal Court, on charges of cheating citizens and selling fake real estate to them inside and outside Kuwait, reports Al- Qabas daily. The Public Prosecution had previously referred another company in a similar case that is currently in court.

A source said that the accused in this new case is an expatriate working as a director of the company, and the Public Prosecution has charged him with money laundering and fraud. He pointed out that the company practiced its business in accordance with the license of organizing real estate exhibitions Resolution No. 293 of 2013, which stipulates the responsibility of the company organizing the exhibition and the role of the Ministry of Commerce in ensuring the credibility of the companies participating in the exhibitions, and the integrity of the projects presented inside or outside Kuwait.

It was finally discovered that some of the projects that the companies promoted at the exhibition from 2013 to the end of 2017 were unreal and caused harm to many citizens and residents who fell into the traps and the criminal courts in 14 such cases issued verdicts in favor of the plaintiffs and charged the defendants with money laundering. For his part, Attorney Ali Al-Attar from the office of Attorney Mashari Al-Osaimi praised the efforts of the concerned authorities to return the funds to their owners affected by the real estate fraud operations.

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