People Were Arrested For Transfering Funds From Bank Accounts To Partners
Three bank officials – two Chinese nationals and a Kuwaiti citizen — were arrested for facilitating transfer of funds from the bank accounts of a company in favor of one of its managing partners in Kuwait who is legally not authorized to do that. According to a press release issued by Ministry of Interior, the first suspect, a Chinese national, is the general manager of a foreign bank in Kuwait. The other Chinese suspect is the commercial manager of the bank. The Kuwaiti suspect is the Director of Administration and Human Resources in the bank. Officers from the Criminal Investigations Department arrested these suspects after receiving a complaint against them by Comoros Gulf Trading and Contracting Company. The trio is also accused of refusing to execute bank orders presented by the company representative and denied him access to the company accounts. They also disclosed details of the accounts to some third parties, which represents a breach of banking confidentiality. The amount of money that was illegally withdrawn from the company’s bank accounts exceeded KD 10 million. It was withdrawn and transferred after the managing partner, who only owns 5 percent of the company shares, gave them assurances and bribes. The suspects have been released on bail but they are banned from leaving the country in preparation for the referral of the case to the concerned court.