Kuwait: 10-year prison term for bank employee who embezzled 183,000 dinars
Kuwait's Criminal Court sentenced a bank employee to 10 years and an unspecified fine, ordering him to repay 550,000 dinars after embezzling 183,000 dinars.
Kuwait's Criminal Court sentenced an employee of one of the banks to 10 years in prison, with an unspecified fine, and ordered him to repay 550,000 dinars after convicting him of embezzling clients' funds.
The court found that the employee embezzled 183,000 dinars from clients, according to the Kuwait Times.
The employee used to tell borrowers they owed fees, collect the amounts and then transfer them to residents' accounts whose expired cards he kept.
The incident was uncovered through an investigation by the State Security Service and a review conducted by the bank's legal department.
What do these terms mean?
Criminal Court: The court competent to hear serious crimes punishable by up to life imprisonment or death.
Embezzlement: The unlawful appropriation of funds or property entrusted to a person by virtue of their position or fiduciary duty.
Fine: A sum of money imposed on a convicted person in favour of the state for the offence, in addition to other penalties.
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