The Kuwait Criminal Court has sentenced a Kuwaiti national and an Egyptian national to seven years in prison and imposed a KD 5 million (approx. BD 6.1 million) fine following their involvement in a major real-estate fraud scheme selling non-existent chalets in Kuwait and Sharm El-Sheikh.
Court proceedings revealed that the pair jointly misappropriated more than KD 3 million (BD 3.6 million) by peddling fake properties through real-estate exhibitions across Kuwait.
The court also convicted the duo of laundering money obtained illegally from victims.
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