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Saudi Arabia jails 11 people for laundering $2.7 bln - state TV

Middle East

13-02-2022 | 08:09

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Saudi Arabia jails 11 people for laundering $2.7 bln - state TV

Eleven people including nine foreigners have been sentenced to jail in Saudi Arabia on charges of laundering ten billion riyals ($2.67 billion), state TV reported on Sunday quoting a prosecution statement.

The judiciary also ordered fines and the confiscation of funds and assets from seized investment portfolios, the report added.

REUTERS

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Money Laundering

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