Criminal Court: Head of 'Cooperative' sentenced to 4 years and fined KD 25,000 for money laundering
The Criminal Court sentenced the head of a cooperative society to four years in prison and fined him KD 25,000 for being convicted of money laundering and abuse of authority.
Translated by Qiyas from السياسة — Original source
The Criminal Court, presided over by Advisor Al-Duwaihi Al-Duwaihi and with judges Ibrahim Kharibit and Faisal Al-Khader, and secretary Mohammed Malallah, sentenced the chairman of the board of directors of a cooperative society to four years in prison with hard labor, a fine of 25,000 dinars, and confiscation of 46,000 dinars.
The ruling came after he was convicted of money laundering and abuse of power, which resulted in serious damage to the cooperative’s funds and interests.
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The court also convicted him of unlawfully obtaining personal benefits from the cooperative’s transactions with suppliers, in violation of the rules and regulations governing the operations of cooperative societies.
