Criminal Court Sentences Bank Employee to 10 Years in Prison, Fines Him, and Orders Repayment of 550,000 Dinars for Embezzling Client Funds
Qiyas summary
The Criminal Court sentences a bank employee to 10 years in prison, fines him, and orders him to repay 550,000 dinars.
Translated by Qiyas from الراي — Original source
A criminal court sentenced a Kuwaiti national, who works as a bank employee, to 10 years in prison, a fine, and an order to repay 550,000 dinars, after convicting him of embezzling 183,000 dinars from customer funds, money laundering, and forgery.
The details of the case involve the defendant exploiting his banking position and deceiving several borrowers by claiming that financial fees were due, then misappropriating those amounts and transferring them to accounts held by expatriates whose civil ID cards had expired, including some who were outside the country.
