Money Laundering network busted

November 8, 20170 Comments

Ministry of Interior busted a money laundering network of a Bedoun and two Kuwaiti brothers after intensive investigation proved the suspects were actually involved in suspicious deals, which included procuring and reselling of vehicles in large numbers, reports Al-Qabas daily.

A security source said one of the brothers is employed by the General Traffic Department, and security authorities detected the crime based on dramatic increase in the bank deposits of the Bedoun that swelled up to KD 12 million on account of cars he procured and sold through an office he owns.

Further investigation revealed the office procured about 120 cars per month and sold them very cheap. In the meantime, detectives traced documents of the cars sold and discovered they were all transferred by a specific employee who happened to be the brother of the citizen partnering with the Bedoun whose duty was to facilitate issuance of licenses and transfer of the cars to new owners.

The source reiterated investigation is still underway to identify their source of funding — whether or not other individuals are also involved.

Source : Arabtimes

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