Kuwait Jails Syrian For 10 Years For Fake Saudi Deals

As reported by a Kuwaiti newspaper, a Kuwaiti court sentenced a Syrian expat to 10 years in prison over allegations of money laundering and fraud regarding fake real estate deals in Saudi Arabia.

In addition to the verdict, the defendant was ordered to pay a fine of KD3 million by the Criminal Court, Al Rai said. There is an opportunity for appeal.

Money laundering and fraud charges were brought against him for selling a phantom hotel in Mecca for KD3 million and apartments in Medina to a Kuwaiti group.

A Kuwaiti lawmaker's company owned by a subsidiary cut the bogus deals through fake projects in Kuwait and Saudi Arabia, according to the report. the lawmaker is accused of money laundering worth KD188 million.

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