A Saudi special court sentenced six Saudi citizens to five years in prison each and imposed fines of SR50,000 after finding them guilty of violating the Penal Law of Money Counterfeit. The Economic Crimes Wing of the Public Prosecution completed the investigation, confirming their involvement in counterfeiting and circulating fake banknotes.

Details of the Case

Investigations revealed that one of the defendants had ordered counterfeit banknotes amounting to SR100,000 from a foreign-operated website. These fake notes were used and circulated with the help of the other defendants. The group engaged in financial fraud, earning illicit wealth through counterfeit money circulation.

Arrest and Trial

The accused were apprehended and referred to the specialized court. Following the trial procedures, the court delivered its verdict, sentencing each individual to five years in prison and a fine of SR50,000.

Prosecution's Stance

The Public Prosecution emphasized its commitment to protecting Saudi Arabia's currency from counterfeiting and tampering. It reiterated that stringent measures would be taken against anyone attempting to compromise financial security. Additionally, efforts will continue to safeguard societal rights and financial transactions.

Legal Framework

The case was handled under the Criminal Law on Counterfeiting and Imitation of Money and the Law for Combating Financial Fraud and Breach of Trust. These regulations aim to maintain financial integrity and penalize violations involving counterfeiting or fraud.