Brothers jailed for money laundering

Manama : Three Bahraini brothers accused on grounds of laundering money have been sentenced to imprisonment. 

The first defendant, the mastermind of the scheme, was handed down seven years behind bars, while his accomplices received one-year imprisonment each.  

The first defendant, aged 40, reportedly managed to embezzle BD300,000 from different  people, and his first brother (the second 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 deposit it in the account.  The 40-year-old deceived his 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 would generate huge profits for them in return of the money they gave him.  

According to court files, the first defendant was seen possessing valuable items that weren’t fit for his income, including luxury cars such as a Porsche and three BMW cars, to name a few. 

He reportedly gifted a Hummer car to his wife as well, and the latter said the amount of the vehicle was settled in cash. 

The three were tried before the High Criminal Court, but only the 40-year-old defendant is in police custody.