Appeal Court upholds seven-year jail term in multi-million dinar money laundering case

The Court of Appeal has upheld the verdict of a lower court and sentenced a Kuwaiti and an Asian to seven years in prison with hard labor after finding them guilty of money laundering, harming the country’s national interests, and engaging in unlicensed banking activities.

The appellate panel, headed by Counselor Dr. Fahd Bu Salib, affirmed the judgment issued by the Court of First Instance, finding the defendants guilty on multiple financial crime charges linked to illicit monetary operations.

In addition to the prison terms, the court ordered the two accused and three companies involved in the case to pay a total of 8,367,360 dinars, reports Al-Rai daily.

The companies were also barred from conducting any commercial activity for a period of five years.

The ruling further stipulated the deportation of the second accused after the completion of his prison term. The court also ordered that the conviction of the companies be published in the Official Gazette as part of the legal procedures.