Saudi Arabia... confiscated 140 million from 4 perpetrators and imprisoned them for 24 years
An official source in the Public Prosecution of the Kingdom of Saudi Arabia stated that the investigations with four suspects in the money laundering case, one of whom is a citizen and the other is an expatriate, proved that the citizen agreed with the expatriates by enabling them to access the bank accounts of his commercial entities in order to transfer illegal funds outside the Kingdom, in an irregular manner, in exchange for Monthly rent of 30 thousand riyals.
Which is considered criminal according to Article 2 of the Anti-Money Laundering Law.
The court issued a ruling convicting them of what was attributed to them, imprisoning them for periods of 24 years, preventing the citizen from traveling for a period similar to his imprisonment, and deporting foreign suspects from the country after the end of their prison term.
The ruling included the confiscation of a similar value of illegal funds smuggled abroad, amounting to more than 140 million riyals, and the confiscation of other illegal funds that were found hidden inside a hot drinks case, amounting to two and a half million riyals.
The source noted the concerted efforts and coordination between the Public Prosecution and the control and inference bodies represented by the Ministry of Commerce, the General Authority for Zakat, Tax and Customs, and the Saudi Central Bank, in order to achieve the desired results to combat all money-related crimes.
The source stressed that the Public Prosecution will not hesitate to demand severe penalties against those who try to harm the financial and economic security of the Kingdom.
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#Saudi Arabia,
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