Bahraini man launders BD1.5 million
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
A 37-year-old Bahraini man laundered BD1.5 million in collaboration with an Arab man, the High Criminal Court heard. The defendant embezzled the amount from 23 men after he deceived them that he had companies specialised in providing commercial and technological consultancies.
The Arab man was living in his home country and he had a company, whose bank account was used to launder the money the Bahraini man received from his victims.
The pair signed a recruitment agreement, according to which the money was transferred from Bahrain to the Arab country. According to court files, the victims were all occupying high positions. “The defendant asked me to borrow him BD13,000, although I didn’t know him. He convinced me that my father was his friend and he was trustworthy.
After three days, I gave him BD3,000 only,” one of the defendants said. “After a few days, he came back to me and gave me the BD3,000 back, but he offered me to invest the money with great returns. This time I gave him BD84,000.
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