ASaudi police have arrested three men, an illegal, a Yemeni and a Syrian, in their 30s, for allegedly attempting to smuggle funds from Saudi Arabia abroad, police said.
Major Khaled Al Kreidis, assistant spokesman for Riyadh Police, said the trio were allegedly involved in collecting funds from unknown sources and transferring them outside the Kingdom through bank accounts of commercial entities owned by a citizen, the mother of one of the accused, to provide cover for their financial dealings.
The police, he said, raided a residential unit east of the Riyadh , arrested the accused and seized SR1,314,991) ($350,369), automated teller machine ATM cards and checkbooks that they used in the deposit and transfer operations.
The men were taken into police custody, legal measures were taken against them, before they were referred to the Public Prosecution pending further questioning and trial, Major Al Kreidis said
SOURC GULFNEWS
