Ex-deputy Acquitted Of Money Laundering Charges, 2 Expats Sentenced

A former deputy was acquitted of money laundering and fraud charges related to the sale of fake real estate and hotels worth 188 million Kuwaiti dinars by the Criminal Court. Al-Rai Daily reported that two expats were sentenced to 7 and 3 years with hard labor on the same charges.

Ali Al-Attar filed a civil claim on behalf of over 360 victims of the same crime. Fraudulent crimes were committed by the defendants through real estate exhibitions licensed by the Ministry of Commerce and Industry by selling usufruct rights to fictitious real estate and hotels.

Money laundering crimes were also committed by the defendants using their personal accounts and accounts of engineering offices and exchange offices to conceal the money obtained from fraud.

The former deputy was acquitted, but Lawyer Ali Al-Attar stressed that the authorities should take swift and unconventional measures in order to implement court rulings that track money inside and outside Kuwait to collect fines imposed on the guilty parties and restore the rights of those affected.

 

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