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Asharq Al-Awsat
Asharq Al-Awsat
World
Riyadh - Asharq Al-Awsat

Saudi Arabia: Authorities Confiscate over $1 Bln from Gang Accused of Money Laundering

Suspects were arrested and referred to the competent court with charges of laundering money exceeding SR4.2 billion. (Asharq Al-Awsat)

The Saudi Public Prosecution announced on Monday that it confiscated SR4 billion ($1.06 billion) from a money laundering gang. It also said it issued a 25-year jail term for those accused in the case.

According to Public Prosecution, the gang consisted of one Saudi citizen and five people of other Arab nationalities.

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