Ex-pat arrested for engaging in investment without licenses

Doha: Department of Economic and Electronic Crimes has arrested a person for investing and financial operations without the requisite permits in Qatar from competent authorities.

The Ministry of Interior searched the Asian expat’s home and detained the suspect after receiving an arrest warrant from the Public Prosecution. An official raid on his home yielded many investment contracts and huge sums of money in both Qatari and international currencies. He was also found to be in possession of a number of costly automobiles and residential properties.

He confessed to the charges against him over the course of the investigation. In addition to the money laundering accusation, he’s been referred to the Public Prosecution to finish up their proceedings on charges of practising financial operations without licences.