Cairo: Kuwait’s Central Bank has requested examining transactions in bank accounts of 28 clients in connection with money laundering and fraud cases, according to a local newspaper.
The clients comprise 15 individuals including two women and 13 companies, Al Rai newspaper reported quoting close sources. One client is an ex-lawmaker who had been handed jail terms in cases of money laundering and real-estate fraud. Other clients include business officials, one of them is now in prison in connection with real-estate fraud.
The Central Bank’s analysis request aims at specifying the incoming and outgoing transfers of these accounts and their sources for the past four years.
Earlier this month, the Kuwait public prosecution asked the central bank to remove secrecy on local bank accounts of 13 persons in response to a request from the country’s state anti-graft watchdog as part of crackdown on corruption.
They included a son of an ex-senior state official and four former undersecretaries at the Health Ministry, according to media reports.
In recent years, Kuwait has ramped up its efforts to fight corruption.
In 2019, the country’s top court sentenced a Kuwaiti ambassador to six years in prison and ordered his removal from post after convicting him in a case involving state money embezzlement.