10-member gang nabbed for illegal transfer of SR100m abroad


Okaz/Saudi Gazette

RIYADH — Riyadh police busted a 10-member gang involved in transferring money abroad illegally.

Col. Shaker Al-Tuwaijri, spokesman of the Riyadh region police, said that the criminal investigation team of Riyadh police managed to apprehend the gang, including one Saudi citizen and nine Sudanese nationals, who were engaged in transferring money out of the Kingdom in illegal ways.

It was found that the suspects, who are in their 40s and 50s, transferred large amounts of money, amounting to more than SR100 millions of unknown source, to bank accounts outside the Kingdom.

The investigations showed that the transfers were made through around 10 commercial entities that are not licensed to practice financial activities. An amount of SR700,000 was seized from the gang members and the legal procedures are underway against them, the spokesman added.