Large Criminal Activity
Saudi Prosecution Confiscates around $1 Bln from Criminal Gang Accused of Money Laundering
Saudi Arabian General Prosecution confiscates over $1 billion and issues long prison sentences for a transnational money‑laundering gang.
The Saudi Arabian General Prosecution has ordered the confiscation of approximately 4 billion riyals ($1.06 billion) and imposed a 25‑year aggregate jail term on a criminal gang accused of large‑scale money laundering. The gang comprised one Saudi citizen and five other Arab nationals who used fraudulent bank accounts and commercial registries to conduct substantial financial transactions abroad and to make large deposits in domestic accounts. Investigations revealed repeated violations of anti‑money‑laundering laws and regulations, leading to additional fines totaling up to 200 million riyals. The Saudi citizen faces ten years in prison and a travel ban, while the other members received varying prison sentences.
- Status
- active
- Location
- Saudi Arabia
- Date added
- 2026-03-25 20:21 UTC
- Last updated
- 2026-03-25 20:21 UTC
- Source
- https://english.aawsat.com
- Connected threats
-
- Not Available