New Real Estate Fraud Case Referred To Criminal Court By Public Prosecution

According to Al-Qabas daily, the Public Funds Prosecution has referred a company organizing real estate exhibitions to the Criminal Court on charges of cheating citizens and selling them fake properties inside and outside Kuwait. The Public Prosecution had previously referred another company in a similar case that is currently in court.

This new case involves an expatriate working as a director of the company who has been charged with money laundering and fraud by the Public Prosecution. According to him, the company practiced its business in compliance with Resolution No. 293 of 2013, which specifies the responsibility of the company organizing the exhibition and the role of the Ministry of Commerce in ensuring credibility of companies participating in the exhibitions, and the integrity of projects presented inside or outside Kuwait.

A few of the projects promoted by the companies at the exhibition from 2013 to 2017 were unreal and caused harm to many citizens and residents who fell victim to them. In 14 cases of this, the criminal courts ruled in favor of the plaintiffs and charged the defendants with money laundering. The office of Attorney Mashari Al-Osaimi's Ali Al-Attar commended the efforts of the concerned authorities to return funds to the victims of real estate fraud.

 

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