22/08/2010

http://www.arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/158550/t/Ex-minister-among-3-allegedly-involved-in-money-laundering/Default.aspx

Trio also accused of smuggling precious stones and diamonds to be summoned for interrogation

KUWAIT CITY, Aug 20: A former minister, whose identity has not been disclosed, a well-known business personality and a senior employee working for one of the government institutions are believed to be actively involved in money laundering operations, said Al-Shahed daily quoting reliable sources.

The sources added personnel from the Criminal Investigation Depart-ment (CID) have completed investigations about the three accused who are involved in huge money laundering operations in addition to smuggling operations of precious stones and diamonds from Africa.

The sources added the file containing evidences will be referred to the concerned investigation authorities over the next few days, and the trio will be summoned for interrogation

The sources pointed out investigations reveal the men have bogus bank accounts to conduct their dealings.

 If proven true, the sources said, this case will be the biggest financial case to be referred for investigation and would reveal the involvement of many important people and senior employees.

The sources went on to say the file contains an international report and accounts in foreign banks which clearly shows the involvement of the trio in organized money laundering operations which have pumped sums of liquid money into the Kuwaiti markets.