Saudi Arabia: 19 fraud whistle-blowers rewarded SR123,000
Fraudsters face penalties of up to three years jail, and fines of SR1 million
Abu Dhabi: The Saudi Ministry of Commerce has rewarded 19 citizens and residents for reporting fraudulent products, local media reported.
The rewards are an implementation of the Anti-Commercial Fraud Law, which stipulates 25 per cent of collected fines be granted to whistle-blowers,
The Saudi anti-commercial fraud system provides penalties of up to three years imprisonment, and financial fines of SR1 million ($266,600) or both, naming and shaming the violator, deporting the offenders, and suspending the business.
A summary of a fraud conviction is published in two daily newspapers at the convicted person’s expense, provided one of the newspapers is published in the area the violation occurred.
The ministry urged consumers to report complaints to its communications center on the toll free number 1900, through its app, or through its website.