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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.

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Saudi Arabia Calls for Halting Violations Committed Against Palestinians

Head of the Human Rights Section at the Saudi Arabia Mission to the United Nations in Geneva Asya Baakdah. Photo: Saudi Mission
Head of the Human Rights Section at the Saudi Arabia Mission to the United Nations in Geneva Asya Baakdah. Photo: Saudi Mission
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Saudi Arabia Calls for Halting Violations Committed Against Palestinians

Head of the Human Rights Section at the Saudi Arabia Mission to the United Nations in Geneva Asya Baakdah. Photo: Saudi Mission
Head of the Human Rights Section at the Saudi Arabia Mission to the United Nations in Geneva Asya Baakdah. Photo: Saudi Mission

Saudi Arabia has denounced all violations committed against the Palestinian people, with the killing of tens of thousands of civilians, predominantly women and children, in the Gaza Strip.

Head of the Human Rights Section at the Saudi Mission to the United Nations in Geneva Asya Baakdah, delivered on Wednesday the Kingdom’s statement during a meeting of the UN Human Rights Council, reiterating Saudi Arabia's firm rejection of the tragic situation and stressing the urgent need to put an end to it.

Baakdah highlighted the Kingdom’s hosting of the Joint Arab Islamic Extraordinary Summit, which adopted resolutions showing the unified will of Arab and Islamic nations.

She underscored the summit’s plea for an end to bloodshed, unrestricted access to humanitarian aid, and the fulfillment of the legitimate aspirations of the Palestinian people to reclaim their occupied territories and establish their independent state.

The diplomat said the Kingdom lauded the UN General Assembly resolution adopted on May 10, backing the eligibility of the Palestinian state for full membership in the United Nations.

Baakdah emphasized Saudi Arabia’s appreciation for actions taken by Norway, Spain, Ireland, Slovenia, and Armenia in acknowledging the Palestinian state, while urging other nations to follow suit with bilateral recognition.

Recognizing the collective duty to actively support the realization of an independent Palestinian state, Saudi Arabia -- in collaboration with its partners in the Ministerial Committee appointed by the Joint Arab-Islamic Extraordinary Summit on Gaza Strip developments, as well as Norway and the European Union -- initiated a global alliance to push for the implementation of a two-state solution. The Kingdom calls upon all parties to join the initiative.