(MENAFN- The Peninsula)
Doha: 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 a number of investment contracts and large sums of money in Qatari Riyal and foreign currencies, in addition to many cars and residential real estate.
In his statement, he confessed to committing the activities and is being presented to the Public Prosecution to complete its procedures on charges of practicing financial and financing activities without licenses, in addition to the charge of money laundering.
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