Police arrested an Expat for engaging in investments without licenses
The General Department of Criminal Investigations’ Department of Combating Economic and Cyber Crimes has arrested an Asian ex-pat on charges of engaging in investment and financial activities without getting the necessary licenses from the state’s relevant authorities.
The Ministry of Interior searched the Asian expat’s home and arrested him after obtaining an arrest and search warrant from the Public Prosecution.
Following a raid on his home, officials seized multiple investment contracts as well as a huge sum of money in Qatari and other currencies. In addition, he was discovered to be in possession of several cars and high-end residential properties.
He confessed to the claims throughout the interrogation. In addition, he has been submitted to the Public Prosecution to finish proceedings on charges of engaging in financial activities without a license, as well as money laundering.