Security authorities are conducting intensive investigations to identify the person involved in money laundering and transfer of large sums worth about KD 5 million to bank accounts in Turkey and Iraq, reports a local daily. A police source said the money was transferred via a money exchange company on commission. The manager and accountant of the exchange company said they only transferred the money upon commercial licenses submitted by a person, but the lices turned out to be forged.
Financial case worth KD 500K
A Kuwaiti citizen involved in a financial case worth KD 500,000 was arrested by security operatives and referred to the relevant authority, reports a local daily. The citizen was driving in a reckless manner along a street in Mubarak Al- Kabeer when the police stopped him and checked his details and discovered he was defaulting KD 500,000 on debts to a bank. He seemed to be high in alcohol during arrest.