عربي English Türkçe اردو فارسى
Logo
Latest News
Gulf

Saudi Arabia Sentences 4 People to 28 Years in Jail for Money Laundering

A Saudi money changer displays Saudi riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia July 27, 2017. (Reuters)
A Saudi money changer displays Saudi riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia July 27, 2017. (Reuters)
TT
TT

Saudi Arabia Sentences 4 People to 28 Years in Jail for Money Laundering

A Saudi money changer displays Saudi riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia July 27, 2017. (Reuters)
A Saudi money changer displays Saudi riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia July 27, 2017. (Reuters)

The Riyadh Criminal Court sentenced four people to a total of 28 years in prison and fines of up to 20 million riyals for their involvement in money laundering and business licensing fraud.

According to a senior official in the Saudi Public Prosecution, the Criminal Court also ordered the confiscation of 2 million riyals and two computers, a laptop and money-counting machine, which were found with the accused.

More than 375 million riyals deposited outside the Kingdom for the purpose of money laundering were also seized by the Court.

The investigations found that the group - formed of one Saudi and three expatriates - was guilty of money laundering and business licensing fraud in Riyadh.

The senior official also said that the court ruled to revoke the perpetrators’ commercial registration and license and force them to pay Zakat, taxes, fees and other financial obligations.

The three convicted expats will be deported from the Kingdom after serving their jail terms, according to the Public Prosecution official. They will be barred from returning to the Kingdom.

Most Viewed

 
 
Gulf

Kuwait Includes 8 Lebanese Hospitals on 'Terror' List

Kuwait indicated that it had listed eight hospitals in Lebanon as part of regulations related to "combating terrorism.” KUNA
Kuwait indicated that it had listed eight hospitals in Lebanon as part of regulations related to "combating terrorism.” KUNA
TT
TT

Kuwait Includes 8 Lebanese Hospitals on 'Terror' List

Kuwait indicated that it had listed eight hospitals in Lebanon as part of regulations related to "combating terrorism.” KUNA
Kuwait indicated that it had listed eight hospitals in Lebanon as part of regulations related to "combating terrorism.” KUNA

Kuwait's foreign ministry issued on Sunday a circular indicating that it had listed eight hospitals in Lebanon as part of regulations related to "combating terrorism.”

Lebanon's health ministry expressed surprise and said it would seek clarification.

It said it received the Kuwaiti statement "with great surprise", adding it had not been provided with "any information or notification from any Kuwaiti entity about this matter.”

"The hospitals mentioned in the statement are registered with the syndicate of private hospitals in Lebanon and carry out their role in providing treatment and health services to all Lebanese without exception," the ministry statement said.

It called the facilities "an essential part of the Lebanese health system,” and said it would contact the relevant authorities to request clarification and "protect Lebanon's health system.”

It noted that "Kuwait has numerous joint projects with the ministry... and has been among the most prominent countries that have stood by the health system during the successive crises that Lebanon has faced.”

The latest move was "unprecedented and inconsistent" with the Gulf country's usual approach, it added.

Gulf

Saudi and Guatemalan FMs Discuss Bilateral Ties

The Saudi Minister of Foreign Affairs met on Sunday with his Guatemalan counterpart in Riyadh. SPA
The Saudi Minister of Foreign Affairs met on Sunday with his Guatemalan counterpart in Riyadh. SPA
TT
TT

Saudi and Guatemalan FMs Discuss Bilateral Ties

The Saudi Minister of Foreign Affairs met on Sunday with his Guatemalan counterpart in Riyadh. SPA
The Saudi Minister of Foreign Affairs met on Sunday with his Guatemalan counterpart in Riyadh. SPA

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah met on Sunday with his Guatemalan counterpart Carlos Ramiro Martínez in Riyadh.

During the meeting, they reviewed bilateral relations and discussed developments of mutual interest.

Gulf

Faisal bin Farhan, Barrack Discuss Developments in Syria

The Saudi Minister of Foreign Affairs Prince met on Sunday with the US Special Envoy for Syria in Riyadh.(SPA)
The Saudi Minister of Foreign Affairs Prince met on Sunday with the US Special Envoy for Syria in Riyadh.(SPA)
TT
TT

Faisal bin Farhan, Barrack Discuss Developments in Syria

The Saudi Minister of Foreign Affairs Prince met on Sunday with the US Special Envoy for Syria in Riyadh.(SPA)
The Saudi Minister of Foreign Affairs Prince met on Sunday with the US Special Envoy for Syria in Riyadh.(SPA)

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah met on Sunday with US Special Envoy for Syria Tom Barrack in Riyadh.

During the meeting, they reviewed developments in Syria.