Kuwait probing $300 million money laundering operations

October 12, 2011
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Four Kuwaitis, two lawmakers, a former minister and a businessman, are allegedly implicated in a “huge case of money-laundering”, a Kuwaiti daily reported on Wednesday.

According to Al Rai, the public prosecution is investigating how and why the four suspects had received money in their banks accounts from abroad.

The daily, quoting sources it did not identify, said that the foursome received 87 million Dinars (around $300 million) over several installments, reportedly from Iran and Russia. The amount was subsequently transferred to other accounts belonging to the four suspects, the daily said.

The public prosecution has already contacted Kuwait’s central bank to identify the sources of the amounts, and whether they have been deposited legally in the suspects’ accounts, the daily said.

Kuwait has been rocked by allegations that lawmakers have received political money, sparking calls from MPs and activists for a full investigation into the issue.

http://gulfnews.com/news/gulf/kuwait/kuwait-probing-300-million-money-laundering-operations-1.890073

         

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About the author

Born August 3, 1960 in Monastir, Tunisia
Career
Media career:
  • ABC News (Tunisia)
  • Bahrain Tribune
  • Gulf News
  • Bahrain Television News
Teaching career:
  • Monastir (Tunisia)
  • University of Bahrain
Education
  • MA  Mass Communications, University of Leicester
  • BA  in English & US literature and studies, University of Tunis

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