*** ----> Bounced cheque, hidden funds: Fraudulent businessman jailed | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Bounced cheque, hidden funds: Fraudulent businessman jailed

Mohammed Darwish

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

In a significant victory for Bahrain’s financial system and its efforts to protect individuals and businesses, the Public Prosecution announced yesterday that the First Minor Criminal Court has sentenced an individual to one year and six months’ imprisonment, along with a fine of BD6,000 for withholding funds.

The individual in question, a proprietor of two companies, was adjudged guilty of failing to disclose funds as required by civil enforcement documents. This omission precipitated three reports being lodged against him by the Anti-Economic Crime Directorate.

The plot thickens as further investigations reveal that the accused also committed fraud and fled the Kingdom for more than 13 years. Adding to his record, he had previously received a six-month sentence for issuing a bounced cheque. The Chief Prosecutor praised the swift actions of the Public Prosecution.