“Riyadh Appeal” condemns 24 defendants who formed a gang for committing c

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They were punished with imprisonment of up to 20 years and deportation of non-Saudis

The Court of Appeal in Riyadh issued a ruling convicting 24 defendants, between citizens and residents, who formed an organized gang to carry out a money-laundering crime of approximately 17 billion riyals, and punished them with imprisonment for periods of up to 20 years, for convicting them of what was attributed to them.
The court ruled to prevent the citizens convicted in the case from traveling for periods similar to their sentences, and to deport non-Saudis – after the expiry of their sentence – and fined them with varying fines totaling more than 75 million riyals, and confiscated all funds subject of the crime, which are estimated at billions of riyals.
The gang formation carried out its criminal activities in an organized framework under the guise of commercial facilities that varied between factories, companies and institutions, as well as medical clinics, and their roles varied between committing money laundering and participating in this crime, collecting and depositing funds and transferring them abroad to carry out this crime.
The court also convicted a number of them of failing to report money laundering operations despite their knowledge of it, and of agreeing, helping and advising to carry out the crime, in addition to committing the crime of bribery.

“Riyadh Appeal” condemns 24 defendants who represented a gang for committing a money-laundering crime of 17 billion riyals

previously

The Court of Appeal in Riyadh issued a ruling convicting 24 defendants, between citizens and residents, who formed an organized gang to carry out a money-laundering crime of approximately 17 billion riyals, and punished them with imprisonment for periods of up to 20 years, for convicting them of what was attributed to them.
The court ruled to prevent the citizens convicted in the case from traveling for periods similar to their sentences, and to deport non-Saudis – after the expiry of their sentence – and fined them with varying fines totaling more than 75 million riyals, and confiscated all funds subject of the crime, which are estimated at billions of riyals.
The gang formation carried out its criminal activities in an organized framework under the guise of commercial facilities that varied between factories, companies and institutions, as well as medical clinics, and their roles varied between committing money laundering and participating in this crime, collecting and depositing funds and transferring them abroad to carry out this crime.
The court also convicted a number of them of failing to report money laundering operations despite their knowledge of it, and of agreeing, helping and advising to carry out the crime, in addition to committing the crime of bribery.

September 13, 2021 – Safar 6 1443

04:38 PM

Last update
September 13, 2021 – Safar 6 1443

05:35 PM


They were punished with imprisonment of up to 20 years and deportation of non-Saudis

The Court of Appeal in Riyadh issued a ruling convicting 24 defendants, between citizens and residents, who formed an organized gang to carry out a money-laundering crime of approximately 17 billion riyals, and punished them with imprisonment for periods of up to 20 years, for convicting them of what was attributed to them.
The court ruled to prevent the citizens convicted in the case from traveling for periods similar to their sentences, and to deport non-Saudis – after the expiry of their sentence – and fined them with varying fines totaling more than 75 million riyals, and confiscated all funds subject of the crime, which are estimated at billions of riyals.
The gang formation carried out its criminal activities in an organized framework under the guise of commercial facilities that varied between factories, companies and institutions, as well as medical clinics, and their roles varied between committing money laundering and participating in this crime, collecting and depositing funds and transferring them abroad to carry out this crime.
The court also convicted a number of them of failing to report money laundering operations despite their knowledge of it, and of agreeing, helping and advising to carry out the crime, in addition to committing the crime of bribery.





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