Bahrain
Bahrain’s High Criminal Court sentenced three Future Bank officials to five years in prison each and to $1 million fines on Thursday, in the latest of a series of money-laundering cases by the Central Bank of Iran and other banks, the Bahrain News Agency reported.
The court also sentenced the Central Bank of Iran and the other banks implicated in the wide money-laundering scheme to fines of $1 million each, General Advocate Nayef Youssef Mahmood said.
The total of fines imposed on the Iran Central Bank, other Iranian banks and the three Future Bank officials in seven cases reached $47 million. The court also ordered the confiscation of the illegally transferred money amounting to $13 million.— AN
