Kuwaiti Court Sentences Citizens in London Property Fraud Case

A Kuwaiti appeals court sentenced three citizens to 10 years in prison each, fined them KD9 million, and ordered them to repay KD4.5 million. The case involved a 2017 property transaction in London, where funds linked to Kuwait's Public Authority for Minors Affairs were used. The court found the defendants used private companies to channel funds and acquire the property, noting that the property's registration was not supported by British property records.

The ruling centered on conflicts of interest and financial damage related to the property deal. The court found that the company selling the property did not own it when the contract was signed, and the acquiring company had not been formally established when preliminary agreements were concluded.