Bahrain to try top Shi'ite cleric for money laundering
- Wall Street sell-off deepens, Nasdaq confirms correction
- Alcoa (AA) Posts Q4 EPS Beat and In-Line Revenues, Goldman Sachs Expects Results to Be 'Well Received'
- US 10-Year Treasury Yield Hits 1.9% as German 10-Year Bund Trades in Positive Territory for the First Time Since 2019; UK Inflation Hits 30-Year High
- Bank of America (BAC) Stock Gains After Earnings, Analysts Bullish
- U.S. dollar weakens, but keeps positive outlook; sterling rises after UK data
Anti-government protesters hold posters of Shi'ite cleric Ayatollah Sheikh Isa Qassim during an anti-government protest organised by Bahrain's main opposition group Al Wefaq, in Budaiya, west of Manama, Bahrain May 17, 2013. REUTERS/Hamad I Mohammed/File
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
DUBAI (Reuters) - A Bahraini cleric will go on trial next month on charges of collecting funds illegally and money laundering, the public prosecutor said on Saturday.
A source familiar with the case said the cleric was Shi'ite Muslim spiritual leader Ayatollah Isa Qassim, who had his citizenship revoked by the authorities less than a month ago.
The case has revived fears of fresh protests in Bahrain, where the Shi'ite Muslim majority complains of discrimination and demands a bigger share in running the country.
The United States and the United Nations have criticized the move, seen by local activists as part of a wider crackdown on dissent in the Western-allied kingdom, which has provoked a daily vigil outside Qassim's house that on some days swells to several thousand people.
The head of public prosecution, Ahmed al-Dosari, did not identify Qassim by name. He said in a statement posted on Instagram that the case would be heard at the beginning of August but gave no precise date.
It was not immediately possible to contact Qassim for a comment.
Bahraini media last month reported an investigation was underway into a bank account of some $10 million in Qassim's name to find the source of the funds and how they were being spent.
The move sparked a strongly worded statement from senior Shi'ite clerics, including Qassim, against any attempt to meddle with the collection of a Muslim tax called Khums, which is a pillar of Shi'ite Islam.
Bahrain in 2011 crushed an uprising by Shi'ites demanding reforms that would give them a bigger voice in governing the Sunni Muslim-ruled country, where the U.S. Fifth Fleet is based as a bulwark against Iran.
(Writing by Sami Aboudi; Editing by Mark Potter)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Two Marines die, two injured in military truck crash in North Carolina
- France first: Far-right challenger tears into Macron's European vision
- Biden says administration mulling re-designating Yemen's Houthis as terrorist group
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!