The Riyadh Court of Appeal issued a sentence condemning 24 defendants, including citizens and residents, who formed an organized gang to commit a money laundering offense of about 17 billion riyals, and punished them with imprisonment up to at 20, for having sentenced them for what was attributed to him.
The court ruled to prevent convicted citizens in the case from traveling for periods similar to their sentence and deporting non-Saudis – after their sentence expired – and fined them with variable fines totaling over 75 million riyals. and the confiscation of all funds subject to the offense, which are estimated in billions of riyals.
The formation of the gang carried out its criminal activities in a framework organized in the guise of commercial structures that varied between factories, companies and institutions, as well as medical clinics, and their roles varied between money laundering and participation in this crime, and collecting and depositing funds and transferring them abroad for fulfill tale crime.
The court also convicted some of them for failing to report money laundering operations despite their knowledge, and for consenting, assisting and advising in carrying out the crime, as well as committing the crime of corruption.
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