Various money laundering cases, worth SAR 16bn ($4bn), are being investigated in Saudi Arabia. Thirty suspects from a number of countries have been arrested and two have been released after questioning. The Penal Court is to examine 15 cases involving suspected money laundering of SAR 2bn and 15 others involving SAR 8bn and SAR 7bn. Each case involves the alleged use of fake bank accounts registered as commercial bank accounts belonging to various companies, which were used to transfer large sums of money.
Various money laundering cases, worth SAR 16bn ($4bn), are being investigated in Saudi Arabia. Thirty suspects from a number of countries have been arrested and 15 have been released after questioning. The Penal Court is to examine two cases involving suspected money laundering of SAR 2bn and two others involving SAR 8bn and SAR 7bn. Each case involves the alleged use of fake bank accounts registered as commercial bank accounts belonging to various companies, which were used to transfer large sums of money.