Jail term upheld for money launderers

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

The High Appeals Court upheld the jail sentence of an owner of a production company and two other men involved in money laundering.

The defendants were earlier sentenced to five years in prison along with fines worth BD5,000. The court also ordered for the confiscation of BD200,000 from them.

A fourth man was involved in the case, but was acquitted due to lack of evidence. According to court files, the production company owner is an Arab man who is believed to have been generating enormous income through prostitution.

He reportedly circulated transferred part of the income to the second and third defendants who were jobless. Investigators discovered that the defendants used to circulate the money before using it to purchase valuables.

Shockingly, the Arab man was already in prison, serving a five-year imprisonment sentence when it was found that he was implicated in this case too.

He was arrested earlier for running a prostitution den. He denied involvement in money laundering, stating that the income came from the operations of his company. The other two men also claimed they weren’t guilty, saying that they were partners in the same establishment.