Kuwait Tries 7 Expats Accused of Laundering $200mn

Date: 11 May 2022 - 21:44

News ID: ۱۰۲۴۳۵

KUWAIT (MEMO) – Seven expatriates are currently on trial in Kuwait on charges of money laundering by illegally raking in 60.3 million Kuwaiti dinars (roughly $196.5 million) between July 2019 and October 2021. The defendants are suspected of being part of an organized crime gang, according to local news site Al-Anba. State prosecutors say some of the suspects were involved in illegally collecting funds through a foreign exchange firm they set up, and handing the money to two co-defendants who deposited it in bank accounts belonging to three companies “factiously licensed” to import and export.