Sunday, January 12, 2025
10-member Expats gang arrested for selling fake gold bars and scamming SR 2.8 million
Ten Pakistanis were arrested by the Saudi police in the Makkah Region following their alleged involvement in thirty-one cases of financial fraud. Trending: KSA proposes new stricter rules for labor recruiting companies
More than SR2.8 million was stolen by the gang through their deceitful operations of selling fake gold bars.
In a statement, the Makkah police claimed that the fraudsters used a misleading strategy, showing their victims gold bars in an effort to trick them into buying them illegally.
The gang's strategy in their fraudulent activity was to earn their victims' trust by offering them unbroken gold bars during the initial round of discussions, as revealed in investigations.
This allowed them to convince them about the profitable company. They disappear from view, though, after eventually giving them what seem like chunks of gold.
As a result of their arrest and subsequent legal action, the gang members were submitted to the Public Prosecution by the Financial Fraud Combating Unit of the Public Security. Join Saudi Expatriates channel on Telegram
10-member Expats gang arrested for selling fake gold bars and scamming SR 2.8 million
