Latest News
- Court Sentences Bank Employee To 5 Years For Embezzling 100,000...
- Fake ‘Sheikh’ Sentenced To 2-yr As Court Overturns Verdict
- Justice Ministry New Service On The Sahel App
- Ministry Probes 68 Cases Of Illegal Charity, Funds Collection
- Globally, Kuwait Is Among The Top Consumers Of Incense And Oud O...
- Decrease Seen In Foreign Investment
- Kuwait Customs Seized 2 Containers Laden With Tobacco At Shuwaik...
- Unpaid Salaries, Accountant Beaten Up By Workers
- The Sahel App Was Not Hacked, A Spokesman Claims
- Four Expats Arrested For Stealing Copper Cables Worth 60,000 Din...
- Indian National Died In Abdalli Car Accident
- Work Permits And Foreign Worker Transfers Are Amended By PAM
‘kuwaitis Protected From Falling Into Trap’
Coordinator general of the forum of real estate and money laundering victims Engineer Hassan Bahrani said the youth of the ‘future of a homeland’ movement have put a stop to real estate exhibitions in recent years where fraudulent real estate companies were expected to sell about half a billion dinars, and thereby protected Kuwaitis from falling into the trap, reports Al-Rai daily.
Al-Bahrani explained that the pressure to return citizens’ money and imprison those cheats is not only protecting the rights of Kuwaitis, but also to protect Kuwait’s reputation. He pointed out that the aim of the movement is to educate young people not to engage in similar operations in the future.
For his part, Lawyer Ali Al-Attar from Meshari Al-Osaimi’s office stressed that citizens affected by real estate fraud do not bear the slightest responsibility for what happened to them because they purchased through licensed exhibitions according to valid regulations. He stated the projects must go through channels of supervision and inspection at the Ministry of Justice and the Ministry of Finance in respect of projects that fall within Kuwait, while foreign projects must be authorized by the Ministry of Foreign Affairs.
He pointed out that in order to reach a solution and ensure recovery of funds, the collaboration of each individual duped by any company is required in submitting petitions to the Public Prosecution. He stressed that fraudulent companies were not fake, but were real, and the funds that were charged were transferred to bank accounts.
Al-Attar said that some citizens are failing to sue the companies, indicating a company duped 4500 people with 108 million dinars, while only 63 individuals whose share of the fraud was about 3 million dinars and about 3 percent only submitted petitions. He informed that another company defrauded 2053 people to more than 73 million dinars, and from the reports, only 200 people whose share amounts to 6.5 million dinars submitted petitions.
Trending News
-
Eid Al Fitr 2024: Crescent Moon Not Sighted In Sau...
08 April 2024
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
When Will Eid Al Fitr 2024 Take Place In Qatar, Ba...
08 April 2024
-
On Sunday, The Meteorological Department Warns Of...
07 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Winners Of Kuwait National Assembly 2024 Elections
06 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
Comments Post Comment