Today (Sunday), the Public Prosecution revealed the issuance of a preliminary ruling convicting a female citizen, her expatriate husband and another partner for laundering money of unknown origin.
An official source in the Public Prosecution said,The ruling included 113 million riyals in fines and confiscations, including the confiscation of 63 million riyals equivalent to the value of the money on which the laundering operations were carried out, the confiscation of 103,000 riyals seized in bank accounts, and the imposition of 50 million riyals as fines.
He added that the verdict included a 12-year prison sentence, a woman being prevented from traveling following the expiry of her sentence, and the expatriate being expelled from the country following the end of his sentence.
The source explained that the Economic Crimes Prosecution’s investigations proved that a female citizen extracted a commercial register and opened a bank account and made them available to her husband of Arab nationality, who in turn agreed with one of his compatriots to use the commercial entity’s account to commit a money laundering crime, in return for a monthly salary of 10,000 riyals.
The source indicated that the investigation and inference procedures showed that the volume of financial flows in the account of the commercial entity exceeded 63 million riyals, which necessitated a request for customs data, which revealed the absence of imports, and by checking the activity of the commercial entity, it was found that there is no real and actual activity.
The source indicated that the Public Prosecution had appealed the verdict, calling for a tougher penalty once morest the perpetrators.
