Saudi Arabia arrests 13 people network on Financial fraud
Thirteen people were arrested by the authorities in the Kingdom of Saudi Arabia as part of a large-scale financial fraud network. Trending Video : Penalty for deported expat in Saudi Arabia
The arrests come after a thorough investigation into a complex network that engaged in money laundering, electronic theft, and breached the rules for electronic transactions.
- Based on the investigation methods used by the Public Prosecution's Financial Fraud Unit, it was found that the suspects committed financial fraud against several victims by sending them fake electronic links.
- Through these links, they illegally got into people's bank accounts, gave them fake IDs, and took money from their bank accounts by moving the money to other accounts or taking it out and putting it into the account of a business to hide where the money came from and sending it outside the Kingdom. Recommend : Saudi Moroor clarifications on renewing Vehicle Technical Inspection
- It was found that the criminal group stole about 16 million riyals from victims and seized over 600,000 riyals in cash and other cash amounts in different currencies.
- The money in their personal accounts and the accounts of their commercial company has also been frozen.
- Their arrest has been ordered by the Saudi Public Prosecution, and they have been sent to the right court to ask for the toughest punishments allowed by law. Most Viewed : Public Transport user Rights and Regulations in Saudi Arabia
- As part of its commitment to fighting all types of financial crimes, the Public Prosecution made it clear that illicit acts that damage other people's property through theft are strictly forbidden.
- While warning people about the risks of working with unofficial websites and fake links, it also said not to share personal or financial information with people or organizations you don't know, and to report financial fraud right away to the right authorities. Join Saudi Expatriates channel on imo messenger
