Overview of the Banking Fraud Case

The Saudi Oversight and Anti-Corruption Authority (Nazaha) has initiated legal proceedings against several Saudi citizens and expatriates involved in financial corruption cases, with ongoing efforts to bring them to justice.

Details of the SR493 Million Fraud Case and Arrests

Saudi citizen Khaled Ibrahim Al-Jariwi was arrested for his involvement in banking fraud, in collaboration with an employee of a local bank, extracting financing worth SR493 million through illegal means.

Fraudulent Financial Operations Involving the Bank Employee

Al-Jariwi submitted a financing request backed by falsified real estate deeds and fictitious contracts, which the employee accepted as genuine, leading to the release of the funds.

Additional Corruption Cases Under Investigation

Customs Evasion Case Involving Tobacco Smuggling

Authorities uncovered a scheme to smuggle illegal tobacco products by altering customs data to label the goods as paper tissues, evading significant customs fees.

Bribery in Public Works Projects in Al-Jouf Region

Khalaf Saleh Marzouq Al-Khalidi and Yemeni national Muhammad Ali Omar Al-Saqqaf were arrested for bribery related to disbursing funds for unexecuted road maintenance projects.

Ongoing Investigations and Nazaha’s Commitment to Combating Corruption

Nazaha has reiterated its dedication to monitoring and apprehending anyone who misuses public funds or abuses their position for personal gain, committing to strict enforcement of anti-corruption measures.