The head of the Capital Governorate Prosecution stated that the First Grand Criminal Court had issued a ruling on convicting the accused for a period of five years and fined him one hundred thousand dinars, and obliged him to return the money due to the victims on the charge of collecting funds for the purpose of investing them without obtaining a license from the competent authorities.
The Public Prosecution had received a report from several people stating that the accused had seized their money, which amounted to about eighty one thousand Bahraini dinars, after agreeing with them to invest in the trade of communications and installation and maintenance of air conditioners.
The Public Prosecution began investigations upon receiving the communication, as the accused, who admitted to collecting money from the victims for the purpose of investing without obtaining a license.
Accordingly, the prosecution decided to reserve him, and also listened to the statements of all the victims.
The police investigations confirmed the authenticity of the incident and its attribution to the accused, while a response from the Central Bank of Bahrain stating that the accused had not had a license to carry out the investment activity of others in the Kingdom of Bahrain.
After the Public Prosecution completed its investigations, it decided to refer it imprisoned to the criminal court, which issued its advanced ruling.
