2 Citizens Acquitted In KD 13 Mln Money-laundering Case
The Court of Appeals has acquitted two citizens of usury and money laundering of KD13 million. The Public Prosecution charged the suspects with exploiting the predicament of the plaintiffs who were in dire need of loans by collecting certain sum as interest on top of the loans they took.
They were also accused of involvement in money laundering to the tune of KD13 million which was considered the proceeds of the first crime. The monies were found in the local bank accounts of the accused with efforts to hide the illegitimate source.
Meanwhile, the defendant’s lawyer, Attorney Ali Al-Wawan, argued that the court summon did not show allegation that his client made the plaintiffs sign any document to indicate payment of interests on top of the loans taken. He affirmed that his clients only collected the loans granted to the plaintiffs, adding his clients insisted on their innocence from the beginning up to the end of investigations.