Kuwaiti royal arrested, faces imprisonment for money laundering, usury

A member of Kuwait's ruling family was arrested over charges of money laundering and usury, authorities said late Friday.

The royal reportedly attempted to escape an "enforceable prison sentence" for the financial crimes he was accused of, Kuwait's Ministry of Interior said in a statement.

Recommended For You

Arabian Gulf’s resilience amid regional tensions offers continued opportunities for global businesses

UAE launches initiative for community virtual clinics, emergency response training

BHM Capital opens on Bahrain Bourse to support efficient and orderly trading

US, China discuss farm goods, managed trade in 'remarkably stable' Paris talks, sources say

Pakistan's Salman reprimanded for throwing gloves, helmet in Bangladesh match

 

Security services managed to track him down after investigations and a thorough search.

Follow KT on WhatsApp Channels.

The arrest serves as a reminder that 'no one is above the law', the interior ministry said. It affirms the authorities' commitment to ensuring that the rule of law is applied to everyone - including members of the ruling family, it added.

The ministry said it also seeks to ensure justice and equality prevail in the implementation of the law, without any exceptions.

ALSO READ:

UAE Central Bank fines a bank Dh5 million for violating anti-money laundering laws

UAE: 5 arrested for illegally hunting with a falcon in Abu Dhabi

Video: 4 passengers from Dubai caught smuggling unboxed iPhone 16 devices into India