The Department of Combating Economic and Electronic Crimes at the General Department of Criminal Investigations has arrested an individual on charges of engaging in investment and financial activities without obtaining the required licenses from the competent authorities in the state.
After obtaining an arrest and search warrant from the Public Prosecution, the Ministry of Interior officials searched the Asian expat’s residence and arrested the accused.
The officials seized several investment contracts and a large amount of money in Qatari and foreign currencies after raiding his residence. In addition, some cars and expensive residential units were also found in his possession.
During the interrogation, he confessed to the accusations. Further, he is referred to the Public Prosecution to complete its procedures on charges of practising financial activities without licenses, in addition to the charge of money laundering.