RIYADH — The case of two expatriates, who had been accused of cash laundering, amounting to SR 2.48 million, has been referred to the competent court docket in Saudi Arabia.
An official supply on the Public Prosecution said that the investigations carried out by its financial crimes wing have concluded that two residents have been charged with cash laundering.
It was revealed within the investigation that the 2 defendants possessed cash in money estimated at SR2480000 they usually deposited it in accounts of economic entities, concealing the character, supply and possession of the transferred funds. By verifying its supply, it was discovered that the cash resulted from crimes and violations of numerous rules.
The defendants had been arrested, and a prison case was filed towards them earlier than the competent court docket, together with proof for the fees towards them, pleading the court docket to award them penalties prescribed by regulation.
In the meantime the business entities had been referred to the competent authority to take the mandatory motion towards them.
The supply reiterated the Public Prosecution’s dedication and efforts to fight financial crimes, and to file instances in entrance of the competent court docket towards anybody who tries to hurt financial and monetary safety, with demanding extreme penalties for them.