In a significant crackdown on financial crimes, an expatriate and three Saudi nationals have been apprehended in the Kingdom for their involvement in a sophisticated money laundering and business concealment operation, totaling 200 million Saudi Riyals.

The Public Prosecution has initiated legal proceedings against the perpetrators, seeking the maximum penalty under the law. Following thorough investigations by the Public Prosecution's Economic Crimes wing, the arrests were made, signaling a strong stance against such illicit activities.

The investigation revealed a complex network wherein a female citizen established a business organization to collect debts, subsequently transferring control to her husband, who entrusted an expatriate to manage the organization and its bank accounts.

Further complicity was discovered involving another citizen, ultimately facilitating the laundering of nearly 200 million riyals through external transfers, effectively circumventing customs fees.

Upon verification, it was determined that the funds originated from criminal activities and regulatory breaches, with numerous money transfer vouchers seized as evidence. Despite initial claims of legitimate commodity purchases from exporting countries, subsequent scrutiny exposed fraudulent documentation.

The Public Prosecution emphasized the imperative of safeguarding the country's economy against nefarious activities, warning of severe consequences for perpetrators who attempt to undermine financial integrity.