Bahrain court upholds jail term in BD6.8m crowdfunding fraud case
Bahrain’s highest court upheld an eight-year sentence for a businessman convicted of embezzling more than BD6.8 million through his crowdfunding platform. The court also maintained confiscation of the funds and reduced the restitution amount after accounting for money already returned. The Central Bank of Bahrain had suspended Safaghat WLL’s services in January 2025 and placed it under administration in June 2025.