Verdict in fraud case on Feb 22
The court will announce its verdict in the trial of three Bahraini brothers accused of laundering money on February 22.
The first defendant, aged 40, reportedly managed to embezzle BD300,000 from different people, and his second co-defendant was owning a company whose bank account was used to deposit the embezzled money.
The other brother’s task was to take the money to the bank and put it in the account. The 40-year-old Bahraini man deceived his alleged victims between the year 2009 and 2011, according to court reports.
He was said to have told them that he was an expert in properties and he would generate huge profits for them in return of the money they handed him.
According to court files, the first defendant was seen possessing valuable items that weren’t fit with his income. He reportedly bought a Hammer car to his wife, and the latter said that the amount of the vehicle was settled in cash.
The three are being tried before the High Criminal Court, but only the 40-year-old defendant is in police custody.
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