Riyadh police have arrested an eight-member gang for transferring money abroad illegally, police said.
The gang, composed of three Saudis and five Sudanese men, carried out money transfers of more than 500 million riyals illegally, Riyadh Police assistant spokesperson, Major Khaled Al Kreidis, said.
“After receiving a tip-off about illegal operations of money transfer, the Bureau of Investigation and Public Prosecution carried out criminal investigation that led to the arrest of gangsters who were able to transfer more than 500 million riyals abroad in 2020, in irregular ways,” he said.
Major Al Kreidis said the Saudi suspects provided cover for the Sudanese, enabling them to transfer money to overseas accounts. The fraudsters used bank accounts of businesses registered in thenames of the Saudi suspects, with the Sudanese nationalsreceiving commission.
“The suspects were arrested and referred to the public prosecutor office in Riyadh on charges of money laundering for legal action. They also had 2 million riyals in their possession at the time of arrest,” Major Al Kreidis added.
