Bank Employee Sentenced to 10 Years in Prison, Fined, and Ordered to Repay 550,000 Dinars for Embezzling Client Funds
Criminal Court sentences bank employee for embezzling client funds and money laundering.
Translated by Qiyas from السياسة — Original source
The Criminal Court’s Third Division 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 misappropriating 183,000 dinars from customer funds, as well as money laundering and forgery.
The case details reveal that the defendant exploited his position at the bank to deceive several borrowers into believing they owed certain financial fees, then collected the amounts they paid and transferred them to accounts belonging to expatriates whose civil ID cards had expired, including individuals residing abroad.
The incident came to light following investigations conducted by the State Security Apparatus and a review carried out by the bank’s legal department, which uncovered the violations and suspicious financial transactions, leading to the seizure of the case and its referral to the judiciary.
