On Tuesday, a criminal court in Kuwait sentenced a sheikh, his partner and two runaway foreigners to 10 years and a lawyer to 7 years in prison to close the curtain on the biggest money laundering case the country has witnessed. known as the “Malaysia Foundation”. the first, fourth and fifth, as well as the confiscation of the amounts seized from banks as a result of the money laundering process, the benefits received as a result of their return, and the funds that are the subject of the crime, according to the Kuwaiti newspaper Al-Rai.
The State Attorney’s Office reopened the Malaysian Foundation case after a two-year hiatus due to lack of information from international bodies, but the case was not opened, but rather frozen due to lack of information during the previous period, according to the Kuwaiti newspaper Al-Qabas.
Investigations have shown that the effective Kuwaiti person’s account received nearly a billion dollars and was then re-transferred abroad, according to Al-Qabas.
The public prosecution charged the defendants “as an organized crime group” with the crime of money laundering in Chinese currency equivalent to 343 million 700 thousand Kuwaiti dinars (more than one billion dollars), knowing that these funds were obtained from crimes, theft of money and investments of the sovereign Malaysia Foundation.
In the transfer decision, the prosecution stated that the money was received and purchased by the first defendant by a company in Hong Kong as a commission levied in favor of a company he owns under a consultancy contract dated 22 July 2017. for the implementation of the Silk Road project, which is an agreement prepared for it by two defendants, the second and third, falsely and contrary to the truth, not supported by any real actions.
