Nazaha arrests 7 businessmen, 12 bank employees, a non-commissioned officer, 5 citizens, and 7 residents

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They were involved in bribery and fraud crimes and the exploitation of their functional influence in illicit gain, commercial cover-up and money laundering

A responsible source in the Control and Anti-Corruption Authority stated that the authority, in cooperation with the Central Bank of Saudi Arabia, started its procedures regarding the information available to it about the involvement of a number of bank employees in receiving bribes from a gang formation made up of a group of residents and businessmen, in exchange for depositing and transferring cash sums of unknown source. To outside Saudi Arabia. By conducting field investigations, analyzing the bank accounts of commercial entities, and linking them to customs imports, it became clear that the anonymous cash deposited in the accounts of these commercial entities amounted to 11 billion and 590 million and 209 thousand and 169 riyals, which were transferred outside Saudi Arabia; Accordingly, five residents were arrested while they were heading to a bank to deposit the amount of nine million 784 thousand and 268 riyals in cash, which they had in their possession.

Seven businessmen, 12 bank employees, a non-commissioned officer in a district police, five citizens, and two residents were also arrested. For their involvement in bribery, fraud, and abuse of their professional influence in illicit financial gain, commercial concealment, and money laundering, as follows:

First: A businessman establishes a number of fictitious commercial entities in his own name and the name of his wife and son, opens bank accounts, and enables residents to use those accounts in exchange for a monthly sum that the businessman gets; As the accounts are used by residents to deposit cash sums of unknown source, and to transfer them outside Saudi Arabia with the complicity of bank employees in exchange for cash and gifts in kind. The businessman also paid an amount (300,000) three hundred thousand riyals to a non-commissioned officer in one of the regions in exchange for suspending his case related to suspicion of his financial dealings, which is being examined by the district police, and he paid (4,000,000) four million riyals to citizens (mediators) in exchange for their efforts to disrupt the same case with Public Prosecution.

Second: The establishment of (5) businessmen, a number of fictitious commercial entities, opening bank accounts, and enabling residents to use those accounts in exchange for a monthly amount they obtain; As the accounts are used by residents to deposit cash from anonymous sources, and transfer them outside Saudi Arabia with the complicity of bank employees in exchange for cash and gifts in kind.

Third: The “director of a bank branch” establishes a number of fictitious commercial entities, opens bank accounts, and enables residents to use those accounts in return for a monthly amount obtained; As the accounts are used by residents to deposit cash sums of unknown source, and to transfer them outside Saudi Arabia with the complicity of bank employees in exchange for cash and gifts in kind.

Fourth: For a businessman to bring in an expatriate from the above, and to enable him to work freely in Saudi Arabia in return for a monthly payment.

The authority confirmed that it continues to monitor and control anyone who encroaches on public money, or uses the position to achieve his personal interest or harm the public interest, and that it is continuing to implement what the system decides against him without complacency.

The authority also thanked citizens and residents for their cooperation in reporting through the agency’s available channels, including phone number (980) about any practices involving financial or administrative corruption in all its forms and levels.


Control and Anti-Corruption Authority

Nazaha arrests 7 businessmen, 12 bank employees, a non-commissioned officer, 5 citizens and 7 residents, in a case of bribes and billions of transfers abroad.

Previously

A responsible source in the Control and Anti-Corruption Authority stated that the authority, in cooperation with the Central Bank of Saudi Arabia, started its procedures regarding the information available to it about the involvement of a number of bank employees in receiving bribes from a gang formation made up of a group of residents and businessmen, in exchange for depositing and transferring cash of unknown source To outside Saudi Arabia. By conducting field investigations, analyzing the bank accounts of commercial entities, and linking them to customs imports, it became clear that the anonymous cash deposited in the accounts of these commercial entities amounted to 11 billion and 590 million and 209 thousand and 169 riyals, which were transferred outside Saudi Arabia; Accordingly, five residents were arrested while they were heading to a bank to deposit the amount of nine million 784 thousand and 268 riyals in cash, which they had in their possession.

Seven businessmen, 12 bank employees, a non-commissioned officer in a district police, five citizens, and two residents were also arrested. For their involvement in the crimes of bribery, forgery, and the exploitation of their functional influence in illicit financial gain, commercial concealment, and money laundering, as follows:

First: A businessman establishes a number of fictitious commercial entities in his own name and the name of his wife and son, opens bank accounts, and enables residents to use those accounts in exchange for a monthly sum that the businessman gets; As the accounts are used by residents to deposit cash sums of unknown source, and to transfer them outside Saudi Arabia with the complicity of bank employees in exchange for cash and gifts in kind. The businessman also paid an amount of (300,000) three hundred thousand riyals to a non-commissioned officer in one of the regions in exchange for suspending his case related to suspicion of his financial dealings, which is considered by the district police, and he paid (4,000,000) four million riyals to citizens (intermediaries) in exchange for their efforts to disrupt the same case with Public Prosecution.

Second: The establishment of (5) businessmen, a number of fictitious commercial entities, opening bank accounts, and enabling residents to use those accounts in return for a monthly amount they obtain; As the accounts are used by residents to deposit cash sums of unknown source, and to transfer them outside Saudi Arabia with the complicity of bank employees in exchange for cash and gifts in kind.

Third: The “director of a bank branch” establishes a number of fictitious commercial entities, opens bank accounts, and enables residents to use those accounts in return for a monthly amount obtained; As the accounts are used by residents to deposit cash from anonymous sources, and transfer them outside Saudi Arabia with the complicity of bank employees in exchange for cash and gifts in kind.

Fourth: For a businessman to bring in an expatriate from the above, and to enable him to work freely in Saudi Arabia in return for a monthly payment.

The authority confirmed that it continues to monitor and control anyone who encroaches on public money, or uses the position to achieve his personal interest or harm the public interest, and that it is continuing to implement what the system decides against him without complacency.

The authority also thanked citizens and residents for their cooperation in reporting through the authority’s available channels, including phone number (980) about any practices involving financial or administrative corruption in all its forms and levels.

January 27, 2021 – Jumada Al-Akhir 14, 1442

09:04 PM

Last update
January 27, 2021 – Jumada Al-Akhir 14, 1442

10:13 PM


They were involved in bribery and fraud crimes and the exploitation of their functional influence in illicit gain, commercial concealment and money laundering

A responsible source in the Control and Anti-Corruption Authority stated that the authority, in cooperation with the Central Bank of Saudi Arabia, started its procedures regarding the information available to it about the involvement of a number of bank employees in receiving bribes from a gang formation made up of a group of residents and businessmen, in exchange for depositing and transferring cash of unknown source. To outside Saudi Arabia. By conducting field investigations, analyzing the bank accounts of commercial entities, and linking them to customs imports, it became clear that the anonymous cash deposited in the accounts of these commercial entities amounted to 11 billion and 590 million and 209 thousand and 169 riyals, which were transferred outside Saudi Arabia; Accordingly, five residents were arrested while they were heading to a bank to deposit the amount of nine million 784 thousand and 268 riyals in cash, which they had in their possession.

Seven businessmen, 12 bank employees, a non-commissioned officer in a district police, five citizens, and two residents were also arrested. For their involvement in bribery, fraud, and abuse of their professional influence in illicit financial gain, commercial concealment, and money laundering, as follows:

First: A businessman establishes a number of fictitious commercial entities in his own name and the name of his wife and son, opens bank accounts, and enables residents to use those accounts in exchange for a monthly sum that the businessman gets; As the accounts are used by residents to deposit cash from anonymous sources, and transfer them outside Saudi Arabia with the complicity of bank employees in exchange for cash and gifts in kind. The businessman also paid an amount (300,000) three hundred thousand riyals to a non-commissioned officer in one of the regions in exchange for suspending his case related to suspicion of his financial dealings, which is being examined by the district police, and he paid (4,000,000) four million riyals to citizens (mediators) in exchange for their efforts to disrupt the same case with Public Prosecution.

Second: The establishment of (5) businessmen, a number of fictitious commercial entities, opening bank accounts, and enabling residents to use those accounts in return for a monthly amount they obtain; As the accounts are used by residents to deposit cash sums of unknown source, and to transfer them outside Saudi Arabia with the complicity of bank employees in exchange for cash and gifts in kind.

Third: The “director of a bank branch” establishes a number of fictitious commercial entities, opens bank accounts, and enables residents to use those accounts in return for a monthly amount obtained; As the accounts are used by residents to deposit cash from anonymous sources, and transfer them outside Saudi Arabia with the complicity of bank employees in exchange for cash and gifts in kind.

Fourth: For a businessman to bring in an expatriate from the above, and to enable him to work freely in Saudi Arabia in return for a monthly payment.

The authority confirmed that it continues to monitor and control anyone who encroaches on public money, or uses the position to achieve his personal interest or harm the public interest, and that it is continuing to implement what the system decides against him without complacency.

The authority also thanked citizens and residents for their cooperation in reporting through the agency’s available channels, including phone number (980) about any practices involving financial or administrative corruption in all its forms and levels.





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