Fiel Photo. A general view of Riyadh city, Saudi Arabia, February 20, 2022. Reuters
Dubai: The Saudi Arabian General Prosecution has ordered the confiscation of 4 billion Saudi riyals ($1.06 billion) and a 25-year jail term for a criminal gang accused of money laundering, state television reported on Monday.
The gang was comprised of one Saudi citizen and five people with other Arab nationalities, state TV said.
According to media reports, the foreign nationals were able to conduct money transfers illegally with the help of the Saudi citizen.
It further added that court had decided to impose a fine of 200 million riyal on those involved. The citizen was sentenced to 10 years in jail and barred from leaving the country for the same time span, while the residents were sentenced to 25 years in prison and will be prevented from entering the country after serving time.
