facebook
twitter
search
search

Kuwait looks into alleged money-laundering

Oct. 12, 2011 at 2:53 PM

KUWAIT CITY, Oct. 12 (UPI) -- Kuwait officials are investigating an alleged $300 million money-laundering scheme involving two lawmakers, a former minister and a businessman, a report says.

Kuwaiti daily newspaper Al Rai reported the public prosecution is looking into how and why the suspects had received the money in their bank accounts from abroad, Gulf News said.

The suspects were not identified.

Al Rai cited unidentified sources who said the suspects had received the money in several installments, reportedly from Iran and Russia, and it was subsequently transferred to the suspects' accounts.

The newspaper said the public prosecution has contacted Kuwait's central bank to identify the sources of the money and whether it had been deposited legally in the suspects' accounts.

The International Monetary Fund said this month 210 cases of money-laundering in Kuwait had been reported to the public prosecution.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Topics: Al Rai
Latest Headlines
Top Stories
Israeli military calls up reserves for surprise drill
Kim Jong Un pays respects to China's fallen soldiers
No reports of injuries after 6.9-magnitude earthquake in Alaska
Boy Scouts of America ends ban on gay leadership
Cleveland police officer filmed pepper-spraying crowd of activists