BD143,606 Money Laundering
Appeals Court upholds five-year sentence, BD50,000 fine and confiscation of laundered funds.
TDT | Manama
Email: mail@newsofbahrain.com
The Fifth High Criminal Appeals Court upheld a five-year prison sentence and BD50,000 fine against a defendant convicted of laundering BD143,606. The court also ordered the confiscation of the same amount from his funds and assets.
The case involved proceeds from offences including electronic fraud, forgery and unauthorised access to information systems. The defendant was accused of withdrawing and transferring the proceeds through various bank accounts and transactions to give the funds an appearance of legitimacy. The ruling was reconsidered after the Court of Cassation found that the defence had not been given an adequate opportunity to present its case.
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