Al-Marsad Newspaper: An official source in the Public Prosecution stated that the investigations of the Economic Crimes Prosecution ended with charging five people (a Saudi and four expatriates of Arab nationalities) with money laundering.
The investigation procedures revealed that the Saudi had opened three commercial entities and empowered the expatriates in them, and opened bank accounts for those entities and handed them over to the expatriates and enabled them to dispose of them without restrictions in exchange for a small monthly wage.
By searching and investigating the bank accounts of the accused and the commercial entities, it was found that the expatriates practiced the behavior of collecting money and depositing it in the accounts of the commercial entities and transferring it outside the Kingdom. By verifying the source of the funds, it was found that they resulted from crimes and violations of a number of regulations.
The accused were arrested and charged before the competent court, and evidence was presented for their accusation
And the judicial ruling was issued, including their conviction of what was attributed to them, and sentencing them to prison terms of (20) years, and financial fines amounting to (500,000) riyals, and the confiscation of a similar value of the money on which the crime was committed, and the deportation of expatriates from the country following the end of their sentences, and preventing commercial entities from Practicing commercial activity permanently.
The source emphasized that criminal justice bestowed high protection on economic transactions, and prohibited all behavior that would offend the economic security of the country, under pain of severe criminal accountability.
