The provisions included the confiscation of seized amounts of money exceeding two million riyals, two desktop and laptop computers, and a money-counting machine, in addition to the confiscation of other sums of money deposited in bank accounts exceeding 714 thousand riyals, with the recovery and confiscation of the funds transferred outside the Kingdom from the account of the institution used in money laundering. Exceeding 375 million riyals ($ 100 million).
The provisions stipulated the cancellation of the commercial register related to the activity subject of the violation, the revocation of the license, and the obligation for the perpetrators to collect zakat, taxes, fees and any other obligations. The source pointed out that the Public Prosecution investigations proved the crime of money laundering and commercial cover-up in the city of Riyadh, by forming a gang consisting of 4 people of Saudi and foreign nationalities, which ended with the issuance of penalties against them in the case, namely: a citizen and 3 expatriates of foreign nationalities, stressing that the expatriates will be deported from The country immediately after the end of their prison sentence, and preventing them from entering the Kingdom again.
The source stressed that the Public Prosecution follows up and monitors everything that might disrupt financial or economic security, and demands the most severe penalties against the perpetrators in light of the criminal protection established by law.
These were the details of the news Saudi Arabia: 28 years imprisonment for people accused of money laundering for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.