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Saudi FM, EU's Borrell Discuss Situation in Gaza

Saudi Arabia's Foreign Minister Prince Faisal bin Farhan bin Abdullah speaks during a press conference during the Organization of Islamic Cooperation (OIC) summit to discuss Gaza crisis, in Riyadh, Saudi Arabia, November 11, 2023. (Reuters)
Saudi Arabia's Foreign Minister Prince Faisal bin Farhan bin Abdullah speaks during a press conference during the Organization of Islamic Cooperation (OIC) summit to discuss Gaza crisis, in Riyadh, Saudi Arabia, November 11, 2023. (Reuters)
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Saudi FM, EU's Borrell Discuss Situation in Gaza

Saudi Arabia's Foreign Minister Prince Faisal bin Farhan bin Abdullah speaks during a press conference during the Organization of Islamic Cooperation (OIC) summit to discuss Gaza crisis, in Riyadh, Saudi Arabia, November 11, 2023. (Reuters)
Saudi Arabia's Foreign Minister Prince Faisal bin Farhan bin Abdullah speaks during a press conference during the Organization of Islamic Cooperation (OIC) summit to discuss Gaza crisis, in Riyadh, Saudi Arabia, November 11, 2023. (Reuters)

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received on Sunday a telephone call from High Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell.

They discussed developments in the situation in Palestine. The Foreign Minister expressed his deep concern about the continuing humanitarian catastrophe in Gaza, stressing the importance for the international community to stop the Israeli occupation attacks and the forced displacement of Palestinians from the Gaza Strip, which is a flagrant violation of international humanitarian law and international laws.

He also stressed the need to establish effective mechanisms to stop military operations in the occupied Palestinian territories and the need to protect civilians.

Also on Sunday, Prince Faisal received in Riyadh Minister of Foreign Affairs of Ivory Coast Kacou Houaja Léon Adom.

They reviewed relations between the Kingdom and Ivory Coast and ways to enhance them in various fields. They also discussed developments on the regional and international arenas.

They signed a memorandum of understanding regarding political consultations between the Ministries of Foreign Affairs of the Kingdom and Ivory Coast in order to intensify coordination and cooperation in order to achieve the aspirations of the two countries and peoples.

Undersecretary of the Foreign Ministry for Political Affairs Dr. Saud Al-Sati attended the meeting.

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Kuwait Court Concludes Major ‘Malaysian Fund’ Money Laundering Case

Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)
Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)
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Kuwait Court Concludes Major ‘Malaysian Fund’ Money Laundering Case

Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)
Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)

Kuwait’s Court of Cassation on Thursday concluded the country's largest money laundering case, known as the “Malaysian Fund” scandal.

The court, led by Judge Saleh Al-Muraishid, sentenced Sheikh Sabah Jaber Al-Mubarak, son of the former Prime Minister, and his associates Hamad Al-Wazzan, Bashar Kiwan, and two expatriates to 10 years in prison.

A lawyer involved in the case received a seven-year sentence.

The court also ordered the defendants to return $1 billion and collectively fined them 145 million Kuwaiti dinars (about $500 million).

The “Malaysian Fund” case involves fake transactions and forged contracts between companies in Kuwait and China. Investigators from Malaysia and the US estimate that around $4.5 billion was embezzled from the fund since 2009, implicating the former Malaysian prime minister.

Kuwait’s Public Prosecution reopened the case after a two-year pause due to lack of information.

On March 28, 2023, the Criminal Court sentenced a member of the ruling family, his associates, and two expatriates to 10 years in prison, with a lawyer receiving seven years.

They were ordered to return $1 billion and fined 145 million Kuwaiti dinars.

The original case in Malaysia dates back to 2016 when US prosecutors filed a lawsuit to recover over $1 billion allegedly tied to a conspiracy to launder money from the Malaysian sovereign wealth fund 1MDB, overseen by former Malaysian premier Najib Razak.

The funds were used to finance a Hollywood film, buy real estate, and acquire famous artworks.

In May 2020, the scandal surfaced in Kuwait after US defense officials provided information to the late Kuwaiti Defense Minister, Sheikh Nasser Sabah Al-Ahmad, revealing the involvement of several former officials in suspicious financial transactions for Chinese and Malaysian companies.

Investigations in Kuwait showed nearly $1 billion had been transferred into the account of an influential Kuwaiti figure before being rerouted abroad.

The inquiry linked a Malaysian financial expert accused in the case to the son of a former Kuwaiti Prime Minister, and they collaborated to channel the funds through intermediary companies.

On July 10, 2020, Kuwait’s Public Prosecution ordered the arrest of Sheikh Sabah Jaber Al-Mubarak and his associate in connection with the “Malaysian Fund” case.