Saudi Arabia jails 11 people for laundering over $2 billion, says state TV
Saudi Arabia jails 11 people for laundering over $2 billion, says state TV
Saudi Arabia jailed 11 people including 9 foreigners on charges of laundering $2.67 billion, according to state TV Sunday.
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The judiciary also ordered fines and the confiscation of funds and assets [source: Getty]
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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