The Saudi Public Prosecution has arrested a financial crime group consisting of two citizens and 5 foreigners involved in money laundering of 4 billion 290 million riyals.
According to the Saudi Press Agency, the Public Prosecution has said that "two citizens in the group had opened commercial permits and bank accounts that were allowed to be accessed by foreigners."
"Foreigners have sent a total of 4 billion 290 million Rials abroad".
"The investigating agency immediately arrested the people involved and it was found that they are involved in money laundering".
The Public Prosecution has said that "the group's bank accounts have been frozen while assets have been seized".
"The members of the group were presented to the court, where they have been fined two hundred million Riyals if they were found guilty."
"Both citizens have been jailed for 10 years and barred from traveling abroad for 10 years after release."
"While foreigners have been sentenced to a total of 25 years in prison and deportation from the country after release."
