Manama: Fifteen Asians convicted of money-laundering and violating the law on the Central Bank of Bahrain have been sentenced three to five years in prison and fined BD200,000.
“The first instance of the Lower Criminal Court ordered the deportation of the convicts on serving their jail terms and the confiscation of more than SR 21 million”, Attorney General Ahmed Al-Hamadi said.
The Public Prosecution is coordinating with the judicial authorities in several other countries to inquire into the same case involving an exchange company in Bahrain to detect the source of the money and identify the other accomplices.
The Public Prosecution launched an inquiry into the case which was reported by the Central Bank of Bahrain (CBB) to the General Directorate for anti-corruption, economic and electronic security.