15 Mar 2021
Two Saudi citizens have been sentenced to 28 years in jail and fined up to $3.47 million after an investigation revealed an organized crime gang laundering money overseas.
An official source in the Public Prosecution stated that the Financial Investigation Unit launched an investigation into a man and a woman – both Saudi – who opened commercial records and bank accounts before handing them over to expatriates for a monthly fee.
The duo allowed the expats to invest in their commercial unit, use their bank accounts, deposit money they obtained illegally, and transfer it abroad.
Read more at Arab News
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