KD 255 million laundering ring busted, 19 defendants jailed - Times Kuwait

KD 255 million laundering ring busted, 19 defendants jailed - Times Kuwait

• The penalties are double the amount laundered in a case involving 29 individuals and nine companies across sectors such as imports, exports, general trade, money exchange, and food delivery. • The Criminal Court found the group guilty of organized money laundering tied to crimes against national interests and imposed KD 845 million in fines, deportations, and asset confiscations.   The Criminal Court, led by Counselor Al-Dhuwaihi Al-Dhuwaihi, …

The Criminal Court, headed by the suburban adviser, held 19 accused citizens and residents for varying periods of between 3 and 10 years, and fined them approximately 675 million dinars, approximately $2.5 billion, double the amount...