In what’s being described as a landmark ruling in Kuwait, the courts have in the past hours handed down a crushing guilty verdict against the once all-powerful son of a former prime minister, Sheikh Sabah Jaber Al-Mubarak Al-Hamad Al-Sabah.
The royal businessman has been sentenced to ten years in jail for having cooperated with Jho Taek Low, proxy to the convicted ex-Malaysian PM, Najib Razak, in laundering hundreds of millions of ringgit looted from the Malaysian public.
At stake, at the very least, is a stunning RM2 billion/(KD 145 million) cited by the courts as remaining in the guilty man’s bank bank account, although the judgement also confirms that over a billion dollars were in fact laundered through it. Moreover, Sarawak Report has reported on several other related accounts holding further stolen cash that were not apparently included within the prosecution.
Also convicted were Jho Low himself, the Sheikh’s personal lawyer, a college friend of Jho Low’s and continuing business partner, Hamad Al Wazan* and a former business associate of the Sheikh, Bachar Kiwan, who fled Kuwait at the time of the crime, having fallen foul of the criminal gang.
All were sentenced to the same ten year jail term – this being the first actual sentencing in absentia of Malaysia’s world famous financial fraudster, Jho Low, in a foreign court.
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