15-year jail sentence for accused in KPA embezzlement case

The  two main defendants in the long-drawn out Kuwait Ports Authority (KPA) embezzlement case have been found guilty and sentenced to 15-year imprisonment with hard labor, by Kuwait’s Criminal Court.

In addition, the defendants, Saed Dashti, a Kuwaiti, and Marsha Lazareva, a US-educated Russian citizen, both former executives of Kuwait and Gulf Link Transport (KGL) company  subsidiary KGL Investments (KGLI) were jointly fined KD2.14 million in a case filed by parliamentarian Abdullah Al-Kandari.

The case file shows that Ms. Lazareva, who was the former CEO and Vice Chairman of KGLI, and her co-defendant, Mr. Dashti, a local businessman, were arrested and charged with embezzling funds that were invested in KGLI by the Kuwait Ports Authority and Kuwait’s Public Institution for Social Security.

The two executives have maintained their innocence since their arrest and launched appeals.