Saudi Arabia: Money laundering gang jailed for 28 years
1 Saudi and 3 expats also face fines of up to 20m riyals
Dubai: The Riyadh Criminal Court sentenced a four-member gang to a total of 28 years in prison and fines of up to 20 million riyals for their involvement in money laundering and business licensing fraud.
The Criminal Court also ordered 2 million riyals and two computers, a laptop and money-counting machine seized with them be confiscated. It also ordered the confiscation of 375 million riyals deposited outside the Kingdom to the establishment used in money laundering.
The investigation carried by the Public Prosecution found the gang members — a Saudi and four expatriates — guilty of money laundering and business licensing fraud in the capital Riyadh.
The convicted expats will be deported from the Kingdom after serving their jail terms.
