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Jeddah - Yasmine El Tohamy - RIYADH: Thirty-two people have been arrested in Saudi Arabia as part of a corruption investigation into the transfer of SR11.6 billion ($3.1 billion) out of the Kingdom.
The probe by the Oversight and Anti-Corruption Authority (Nazaha) in cooperation with the Saudi Central Bank (SAMA) found bank employees had received bribes from a gang of residents and businessmen in exchange for depositing large amounts of cash from unknown sources and transferring them outside of the Kingdom, Saudi Press Agency (SPA) reported on Wednesday.
Five people were arrested whilst trying to deposit SR9.8 million at a bank, the report said.
Others arrested included seven businessmen, 12 bank employees, a non-commissioned police officer, five citizens and two residents.
They were arrested for their involvement in bribery, fraud, exploitation of their positions for financial gain and money laundering, the authority said.
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