RIYADH: Police announced in the capital on Friday that they had foiled a major fraud operation by a gang of six who were offering SR40 million in exchange for fake US dollar bills, it was reported in Okaz newspaper.
In a statement published today, the Riyadh police said that the efforts of its security services, as well as its participation in A Nation Without Violations campaign resulted in uncovering the major fraud operation. One of the gang had offered SR40 million ($10.6 million) in exchange for fake US dollar bills.
The statement revealed that security services had planted secret agents and monitored the gang’s activities. The six suspects were arrested as they met at a a villa to the west of Riyadh to carry out the deal. Police arrested three Saudis, two Yemenis and one Eritrean.
Boxes were seized from the gang and at first police thought they had found SR40 million in the four boxes. However, on further examination, it was found that 500 riyal notes were distributed on top of empty paper stacks which were wrapped up to resemble bank notes. In fact, the actual amount seized turned out to be just SR12,000.
Riyadh police foil a major fraud in fake US dollars
Riyadh police foil a major fraud in fake US dollars
