Legal Scrutiny Of Iranian Assets: From Poverty To Millions

In recent months, the Court of Cassation has issued important judicial directives that stress the importance of tracing real estate, farms, chalets, and properties linked to an Iranian defendant who amassed substantial wealth through money laundering.

Court questions rapid growth of Iranian defendant’s real estate empire.

According to the Court of Cassation, the Iranian defendant and others were sentenced to 10 years of imprisonment in a "money laundering" case due to their striking transformation from poverty to affluence. Within just five years, the defendant developed extensive real estate holdings from a meager income in 2018.

Based on documents obtained by Al-Qabas, the court revealed that the accused now owns valuable real estate, villas, and farms throughout Kuwait. Due to the defendant's modest financial standing until 2018, the acquired assets, with their exorbitant values, cannot be justified by legitimate means.

In its decision, the court asserted that the accused accumulated this wealth through criminal activity, specifically "money laundering," in conjunction with other defendants involved in illicit practices. According to the court, these illegal activities were used as a sinful means to unlawfully acquire money, particularly public funds.

Although police and authorities' investigations supported these claims, the court emphasized a challenge. In the case papers, precise location details were not provided for the mentioned properties, including villas, chalets, and farms. Moreover, many, if not all, were registered in the names of the accused's relatives and close friends. The court had difficulty determining whether to confiscate these properties in the ongoing lawsuit because the specific buyers were not identified accurately, especially since they have not been seized or impounded.

The court urged competent authorities to act against the accused, seize these funds, and enforce appropriate legal measures. In addition to upholding the rule of law, ensuring justice, and asserting the state's rightful claim to these funds, the court emphasized the necessity of returning these funds.

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