Saudi Authorities Convict 23 South Asians in $1M Money Laundering Case
- Publish date: Tuesday، 25 July 2023
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Saudi authorities convicted 23 individuals for attempting to smuggle one million dollars outside of the Kingdom, according to the Public Prosecution on Monday, Jul. 24.
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These individuals, all from countries in South Asia, were found with SR 4 million ( $1.07 million) in cash, which they had divided amongst themselves before trying to leave the country from the land borders.
According to the authorities, the individuals had acquired the money through illegal means and upon their arrest, their money was confiscated.
Sixteen of the culprits were given a 15-year prison time each with a SR 7 million fine each.
The rest of the group were given between four to eight years of prison time in addition to various fines.
Once the culprits serve their penalties, they will be deported from Saudi Arabia.