The Riyadh Criminal Court sentenced four people to a total of 28 years in prison and fines of up to 20 million riyals for their involvement in money laundering and business licensing fraud.
According to a senior official in the Saudi Public Prosecution, the Criminal Court also ordered the confiscation of 2 million riyals and two computers, a laptop and money-counting machine, which were found with the accused.
More than 375 million riyals deposited outside the Kingdom for the purpose of money laundering were also seized by the Court.
The investigations found that the group - formed of one Saudi and three expatriates - was guilty of money laundering and business licensing fraud in Riyadh.
The senior official also said that the court ruled to revoke the perpetrators’ commercial registration and license and force them to pay Zakat, taxes, fees and other financial obligations.
The three convicted expats will be deported from the Kingdom after serving their jail terms, according to the Public Prosecution official. They will be barred from returning to the Kingdom.
