Two expatriates sentenced to 15 years in prison for SR22M financial fraud in Saudi Arabia
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Two expatriates have been sentenced to 15 years in prison each and fined a combined total of SR1.5 million ($400,000) after being convicted of financial fraud in Saudi Arabia. The pair were found guilty of committing 177 crimes, through which they illegally amassed more than SR22 million.
According to the Saudi Press Agency, investigations uncovered that the two individuals orchestrated a large-scale fraud operation targeting victims both inside and outside the Kingdom. They set up call centers across various regions in Saudi Arabia, where they posed as government officials to deceive their victims.
A search of their residence revealed crucial evidence, including tablets, SIM cards, two advanced telecom devices used for making fraudulent calls and a control device that managed the entire operation.
One of the individuals was fined SR1 million, while the other received a SR500,000 fine. Additionally, the court ordered the confiscation of their illegally obtained funds, and both will be deported after serving their prison sentences. Officials from the Public Prosecution traced and froze the illicit funds to ensure the money could be returned to the victims.
The Public Prosecution reiterated its commitment to investigating financial fraud and taking action against those involved, emphasizing that combating such crimes remains a top priority to safeguard the assets of both citizens and residents.