Saudi public prosecution confiscates 4 billion riyals from money laundering gang

Saudi public prosecution confiscates 4 billion riyals from money laundering gang
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Updated 12 September 2022
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Saudi public prosecution confiscates 4 billion riyals from money laundering gang

Saudi public prosecution confiscates 4 billion riyals from money laundering gang

RIYADH: The Saudi Public Prosecution said Monday that it confiscated four billion Saudi riyals from a money laundering gang and that it would sentence those accused to 25 years in prison, Al-Ekhbariya state television reported. 

The gang organization conducted huge financial operations and transferred them outside the kingdom, it added.

The gang consists of a Saudi citizen and five Arab expats.