Bahrain: BD80,000 Drug Money Laundering Trial Resumes For Three Suspects
The High Criminal Court adjourned the case to 11 August to appoint legal counsel for the first defendant. The second defendant is to be brought from detention, while the third is to be served with a fresh summons.
The two currently in custody will remain held.
Dead-drop postal exchanges
The American was previously convicted for growing and selling drugs through dead-drop postal exchanges.
Investigators looking into that earlier case found that he had worked with the other two accused to move the money gained from drug sales through financial channels to cover its origin.
According to the Financial Intelligence Directorate, the funds were sent abroad and used to buy items in a way designed to muddy their source.
Money
The Public Prosecution stated that all three were aware the money came from drug trafficking.
Prosecutors allege the first defendant handled BD38,000 through transfers and deposits at currency exchanges.
The other two are accused of laundering over BD40,000 by funnelling it through foreign financial firms.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Insider
14 hours ago
- Gulf Insider
Bahrain: BD80,000 Drug Money Laundering Trial Resumes For Three Suspects
A Bahraini man and two others, among them an American diver already serving life behind bars for drug offences, are facing trial over laundering nearly BD80,000 linked to narcotics. The High Criminal Court adjourned the case to 11 August to appoint legal counsel for the first defendant. The second defendant is to be brought from detention, while the third is to be served with a fresh summons. The two currently in custody will remain held. Dead-drop postal exchanges The American was previously convicted for growing and selling drugs through dead-drop postal exchanges. Investigators looking into that earlier case found that he had worked with the other two accused to move the money gained from drug sales through financial channels to cover its origin. According to the Financial Intelligence Directorate, the funds were sent abroad and used to buy items in a way designed to muddy their source. Money The Public Prosecution stated that all three were aware the money came from drug trafficking. Prosecutors allege the first defendant handled BD38,000 through transfers and deposits at currency exchanges. The other two are accused of laundering over BD40,000 by funnelling it through foreign financial firms.
Gulf Insider
14 hours ago
- Gulf Insider
Investor Wins BD19,310 After Falling For Fake Project Pitch
A civil court has ordered a man in his thirties to repay BD19,310 after persuading a man two decades older to hand over BD27,000 for supposed profit-making projects. The incident took place in 2022, when the older man was led to believe he was investing in ventures that would yield steady monthly returns. The promised profits never came. He managed to retrieve a portion of the money before turning to the courts. Ruling Lawyer Shaima Mohammed, acting on his behalf, secured a ruling from the High Civil Court. The court found the defendant liable for the remaining BD19,310. In parallel criminal proceedings, the man had already been convicted of misusing funds entrusted to him under a power of attorney. He was sentenced to one year in prison for misappropriation. Findings In its ruling, the civil court relied on the findings of the earlier criminal case. It stated that the BD19,310 had originally been given to the defendant by a third party to pass on to the claimant. Instead, he kept the money. The defendant had argued that he had already paid BD6,555 and asked for it to be deducted from the total. Request The court rejected the request, noting that the claimant had denied receiving any part of the sum being claimed.
Gulf Insider
a day ago
- Gulf Insider
Three Convicted In Riyadh For Commercial Concealment In Mobile Accessories Trade
The Ministry of Commerce has publicly named two Saudi citizens and a Yemeni resident after they were convicted of engaging in a commercial concealment scheme involving the sale of mobile phone accessories in Riyadh. According to a ruling by the Criminal Court in Riyadh, the Saudi business owner and his agent were found guilty of allowing the Yemeni resident to operate the business independently, without a foreign investment license. The resident was granted full control over the establishment's operations and was found to have financial dealings far exceeding his declared income as a sales representative, transferring illicit profits abroad. The court imposed a SR15,000 fine to be shared among the convicted individuals, revoked the business license, cancelled the commercial registration, and ordered the business to be liquidated. It also mandated the collection of all due taxes, zakat, and government fees. The convicted Saudis were banned from engaging in commercial activity, while the Yemeni national will be deported and barred from re-entering the Kingdom for work. The Ministry of Commerce reaffirmed that under the Anti-Concealment Law, penalties can reach up to five years in prison and SR5 million in fines, along with the seizure of illicit funds once a final verdict is issued.
