21 defendants were imprisoned and fined 5.9 billion dirhams in a money laundering case

The Kuwaiti Court of Appeal issued a ruling in one of the largest money laundering cases, and imposed penalties ranging from 3 to 7 years in prison against 21 defendants, fining them about 500 million Kuwaiti dinars (about 5.9 billion UAE dirhams), and closing the offices of the companies involved, in addition to publishing the ruling in the Official Gazette, according to what was published in the Kuwaiti newspaper Al-Qabas.
The details of the case go back to the formation of a gang that included 29 defendants, including 6 Kuwaitis, who were able to carry out money laundering operations worth more than 250 million dinars (about 2.9 billion UAE dirhams), through the “alternative remittances” system using exchange companies, restaurants, and delivery companies, with the aim of passing and transferring money illegally and concealing its true sources, then pumping it back into the Kuwaiti banking systems.
The Kuwaiti Public Prosecution had previously announced the imprisonment of the accused, stressing that the network adopted complex methods to transfer funds and camouflage its sources, which constitutes a serious violation of financial and banking laws.