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World / Gulf

Saudi Arabia jails 11 people for laundering $2.7bn: State TV

Published: 13 Feb 2022 - 01:17 pm | Last Updated: 13 Feb 2022 - 01:19 pm
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Reuters

Eleven people including nine foreigners have been sentenced to jail in Saudi Arabia on charges of laundering ten billion riyals ($2.67 billion), state TV reported on Sunday quoting a prosecution statement.

The judiciary also ordered fines and the confiscation of funds and assets from seized investment portfolios, the report added.

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