Saudi Public Prosecution seizes $7.46m on money laundering, cover-up

The Saudi Public Prosecution seized more than $7.46 million; after an institution’s founder and an employee got conviction of commercial cover-up and money laundering by Jeddah’s Penal Court. The two people markedly had prison sentence to nine-year imprisonment; local media reported, citing a source familiar with the matter at the Public Prosecution. as a matter...

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