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Huge amount of money, expensive vehicles seized from expat conducting unlicensed investment activities

  • Sep 23, 2021
  • Author: QT-Online
  • Number of views: 10874
  • Top News
Tribune News Network
Huge amount of money, several high-end vehicles and other expensive items have been recovered from a man arrested in Qatar on money laundering and other charges.
The individual, identified only as an Asian expatriate, has confessed to the charges, which also include engaging in investment and financial activities without a license, the Ministry of Interior (MOI) said on Thursday.
The arrest, which was made after securing arrest and search warrants from the Public Prosecution, was carried out by the Economic and Cyber Crimes Department of MOI’s General Directorate of Investigation.
“Several investment contracts and sums of money in Qatari and foreign currencies were seized after raiding his residence. In addition, some cars and expensive residential units were found [under his ownership],” the ministry said.
“During the interrogation, he confessed to the accusations. Further, he is referred to the Public Prosecution to complete its procedures on charges of practicing financial activities without licenses and for money laundering,” it added.