Public Prosecution enforces verdict to return assets, funds worth $280 million to Kuwait

Manama, May 13 (BNA): The Kingdom of Bahrain returned assets and funds estimated at about $280 million to the State of Kuwait, based on a final ruling issued by the competent court to confiscate those funds obtained from money laundering crimes, and the Public Prosecutor and. The head of the International Cooperation and Human Rights Office of the Public Prosecution Office announced.

This procedure came within the framework of international judicial cooperation, and cooperation between the Bahraini Public Prosecution and its Kuwaiti counterpart in the field of implementing judgments in both countries.

It is also in line with the Kingdom’s keenness to fulfill its obligations in the field of combating money laundering and activating the rules of international judicial cooperation, especially between the countries of the Gulf Cooperation Council, based on the results of investigations conducted by the National Financial Authority. The intelligence center of the Ministry of Interior, which was able to detect that money.

After taking the necessary legal measures, the ruling was approved by the Supreme Criminal Court in Bahrain in accordance with the requirements of the law, and then the sums subject of the ruling were transferred to the account of the Ministry of Justice in Kuwait. While the shares were put at her disposal.

The ruling was implemented in two stages, as the State of Kuwait recovered funds and shares worth $100 million in the first stage, and about $180 million in the second stage, bringing the total amount recovered to about $280 million.

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