Tuesday, June 28, 2022
91 years in prison for 17 accused for Cover-up and Money Laundering, seizure of 2.5 billion riyals - Saudi Public Prosecution
The Public Prosecution in Saudi Arabia confirmed that the specialized investigations proved the commission of an organized criminal group of 17 people (citizens and expatriates), committed the crimes of cover-up and money laundering, sentenced imprisonment varying to 91 years. Join Saudi Expatriates Telegram channel
The Prosecution said that male and female citizens contributed to the two crimes by extracting commercial records, opening bank accounts, handling them teller cards to the other accused of Arab Nationalities in return for a monthly salary, as they deposited sums of money obtained illegally in those bank accounts, and then transferred them outside the Kingdom. Trending : 3 documents required for car rental process in Saudi Arabia
- The Public Prosecution's actions from the specialized team in economic crimes culminated in the issuance of preliminary ruling from the competent court, convicting the accused of what was attributed to them and punishing them with the following.
1. Jail term of varying periods, totaling up to 91 years.
2. Seizure of what is equivalent to the value of money on which the laundering operations were carried out, which exceeded 1.745 billion riyals.
3. Seizure of cash seized in the possession of the accused, the proceeds of the crime of laundering, which amount to about 1.8 million riyals. Most Viewed : A list of 35 violations fine of Public Taxi and Private vehicles
4. Seizure of the funds seized in the bank accounts of commercial entities amounting 1.599 million riyals.
5. Imposing fines of 800.6 million riyals.
6. Seizure of the proceeds of crime, vehicles and electronic devices.
7. Preventing the accused citizens from traveling for a period similar to their imprisonment, and deporting the accused expatriates from the country after the end of their sentences.
8. Liquidation and write-off of commercial activities. See Also : 3 foodstuff tops in the list of food waste in Saudi Arabia
- The Public Prosecution's constant and continuous endeavor to combat financial crime in all its forms and types, and its firm determination to document ways to preserve the gains and economy of the country and it will not hesitate to initiate a severe criminal case against those who tempt themselves to commit financial crimes, or compromising the strength of the Kingdom's economic security.
