The Chief Prosecutor of Financial Crimes and Money Laundering stated that the First High Criminal Court today issued a ruling convicting three defendants of Asian nationalities and another deceased for committing the crime of illegal money laundering. It ruled that each of the first three defendants be imprisoned for a period of five years and fined them three hundred thousand Bahraini dinars, and the confiscation of one hundred and thirty-eight thousand seven hundred and forty-seven Bahraini dinars. Seven hundred and thirty-seven fils from the money and property of those accused and the deceased accused. It also ruled that they should be permanently deported from the country after carrying out the sentence. The Public Prosecution had initiated an investigation into the incident following the arrest of a number of people of different nationalities for committing several crimes. During this, the Public Prosecution conducted parallel financial investigations to determine the actions that were made with the proceeds obtained from these crimes. It ordered the disclosure of the confidentiality of the accounts of the accused, and appointed the National Center for Financial Investigations to conduct financial investigations and analysis, and to state the financial movement in the accounts to monitor and track the proceeds of the original crimes. The investigations revealed that the three defendants and the other deceased received and acquired a total of one hundred and thirty-eight thousand, seven hundred and forty-seven Bahraini dinars and seven hundred and thirty-seven fils, obtained from their crimes, and that they carried out operations on that money, which consisted of changing currencies and foreign transfers, for the purpose of concealing and camouflaging its source and adding legitimacy, and then the prosecution ordered that they be referred to the High Criminal Court, which issued its previous ruling.
