The Daily Tribune – www.newsofbahrain.com
The Financial Crimes and Money Laundering Prosecution announced that the High Criminal Court of Appeals ruled yesterday to rectify the appealed verdict concerning the sentences of confiscation, jail and fines in a money laundering case.
The defendants in the case are Future Bank and five of its officials, as well as several Iranian banks and the Central Bank of Iran.
The court accepted the appeal lodged by the Public Prosecution in relation to the confiscation and amended the confiscation amount imposed against the defendants (natural and legal persons) to $21,500,000 of their funds and properties while upholding the remaining aspects of the appealed verdict.
گزارشهای ضدونقیض از مسدود شدن کارت بانکیِ برخی از مهاجران افغان در ایران
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کارت بانکی مهاجران افغان مسدود و دوباره بازگشایی شد | رادیو زمانه
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The bank officials were sentenced to five years in prison and fined 1 million dinars each.
The other involved banks were fined 1 million dinars each and the financial sums at the heart of the case were seized. They are estimated at around 43 million dollars.
Earlier this year, the Public Prosecution said that the Future Bank, which operated under the supervision of Bank Melli Iran and Bank Saderat Iran, carried out thousands of international financial transactions while providing cover for Iranian entities by concealing and deliberately removing basic information when transferring funds via the SWIFT network.
Bahraini authorities suspended activities of the bank in 2012 due to UN sanctions on Iran. Manama has been accusing the bank of being a terrorism financing channel since Feb. 14, 2011.
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