The Kuwaiti Court of Cassation has sentenced an Egyptian man to 10 years with hard labour on charges of embezzlement, money laundering, and breach of trust.
The man, who worked as a financial manager at the Kuwait Teachers Association, had been manipulating several accounts since 2018. He increased his salary and issued unauthorised payments, managing to steal over KD500,000 (approximately BD617,000). He then used these funds to open his beauty clinic.
The beauty clinic nearly recovered all of the stolen funds, generating profits of over KD400,000 (approximately BD 493,000). However, the scheme was discovered, and he was promptly arrested.
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