Syrian gets 10 yrs in real estate fraud case

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KUWAIT CITY, Apr 25: In a real estate fraud case, the Criminal Court sentenced a Syrian expatriate to ten-year imprisonment with hard labor and fined him KD 3 million for committing fraud and appropriating the victims’ money through fake projects in Medina.

The Public Prosecution had charged the expatriate with committing money laundering through real estate fraud by deliberately possessing and acquiring money, knowing that it was obtained through the crime described in the second item by collecting them from the victims as real estate investments in coordination with a company for marketing and selling tourist housing units, and then depositing the money in his personal account.

The Public Prosecution declared that the accused had fraudulently accessed the money using fraudulent methods that would mislead the victims such as using documents related to a false project that created hope for an imaginary profit.

This news has been read 11862 times!

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