MP Shahid’s Company: Prosecution wants its accounts frozen
Kuwait public prosecution has approached the Central Bank to freeze the bank accounts of the Bangladeshi MP Mohammad Shahid Islam and his company, who were being held in connection with cases related to human trafficking, visa selling and money laundering, according to Arab Times.
Informed sources stated that the financial balance of the company, Marafie Kuwaitia Group, of which Shahid is managing director and CEO, amounts to about 5 million dinars, including 3 million as company's capital.
The prosecution has contacted the bank to freeze the accounts so that they do not withdraw as they have become suspicious and will be required to recover from it if the charges are proven before the courts, the sources told the daily.
Al Qabas, a Kuwaiti Arabic daily, quoted sources close to the investigation as saying that freezing of assets is part of a legal measure to prevent the Bangladeshi lawmaker from moving his assets beyond the jurisdiction of a court in Kuwait.
"It is variously construed as part of a court's inherent jurisdiction to restrain breaches of its process," the sources added.
It was further revealed that the residency investigation officers, acting on a warrant, had seized all the funds in the company's treasury, all documents, correspondence and footage from surveillance cameras to identify any potential accomplice of Shahid.
Shahid, independent lawmaker from Lakshmipur-2, was held by Kuwait's Criminal Investigation Department on June 6.
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