Money laundering convict loses plea

TDT | Manama

The High Appeals Court has upheld the sentence issued against a 70-year-old man convicted of laundering BD190,000 generated through drug peddling activities. The defendant had already spent 10 years in prison for selling drugs and he was released from prison in 2017.

He reportedly imported banned drugs worth more than BD1.5 million and made BD190,000 profits, which he wanted to launder through investing in various commercial activities besides selling drugs too. The man bought several boats and shops as well as restaurants in an effort to avoid being questioned on his wealth, according to Prosecutors. He also deposited money into his children’s bank accounts and loaned a fellow national BD40,000.

However, the police tracked him down and discovered the sources of his wealth, thus arresting him again and put him on trial. The defendant was also fined BD190,000 for his crime.