Al-Marsad Newspaper: An official source at the Public Prosecution stated that the investigations of the Economic Crimes Prosecution have concluded that two residents have been charged with money laundering.
The investigation procedures revealed that the two defendants possessed cash money estimated at (2,480,000) riyals (two million four hundred and eighty thousand Saudi riyals), and deposited it in accounts of commercial entities, concealing the nature, source and ownership of the transferred funds, and by verifying its source it was found that it resulted from crimes and violations of a number of systems.
The two defendants were arrested, and the general criminal case was filed against them before the competent court, including evidence of their accusation, to demand the penalties prescribed by law, and the commercial entities were referred to the competent authority to take the necessary action against them.
The source stressed the Public Prosecution’s efforts to combat economic crimes, and to submit to the competent court anyone who tries to harm economic and financial security to demand severe penalties in this regard.
2023-08-28 10:44:26
#Prosecution #announces #referral #residents #competent #court #charges #money #laundering #disclosure #total #amount #possession