Yambu: The Saudi Public Prosecution has announced that a native woman and her foreigner husband have been sentenced for the crime of laundering more than 6.3 crore riyals. The public prosecution found that after registering a commercial company, the woman opened a bank account in Saudi Arabia and made financial transactions on behalf of her husband, who is a citizen of another Arab country. The crime of money laundering in lieu of a monthly salary of 10,000 riyals was found. The Public Prosecution has stated that it has been proved that a total of more than 6.3 crore Riyals of black money has been laundered.
Officials informed that they have checked the operation and financial condition of the commercial establishment and instructed the concerned to take necessary steps. The money in the accounts of the accused will be confiscated. The prosecution announced that they will be fined five crore Riyals and sentenced to 12 years in prison. After completing the sentence, Saudi citizens are banned from traveling abroad for a period equivalent to the prison sentence.
The Public Prosecution and the Ministry of Commerce are taking loophole-closing measures to prevent financial crimes. Saudi Public Prosecution sources have repeatedly warned that those who engage in activities that disrupt the country’s economic security and law will be punished without looking face to face.