21 Nov 2016
Seven cases of money laundering, reportedly worth SR16 billion ($4 billion), are under investigation in Saudi Arabia, according to local media.
Thirty suspects of various nationalities – including Saudis – have been arrested and 15 of them released after questioning, Saudi Gazette reported.
The Penal Court is to examine one case involving an alleged SR2 billion ($533 million) of laundered funds next month, and another involving SR8 billion ($2.1 billion) and nine suspects including two local bank employees.
In the coming weeks the court will also examine another case involving suspected money laundering of SR2 billion ($533 million) and another involving SR7 billion ($1.86 billion).
You can claim CPD minutes for this content, by signing up to our CPD WalletFREE CPD Wallet