Bodies of Saudi girls found dead in NY river laid to rest in Madinah 

These two undated photos provided by the New York City Police Department (NYPD) show sisters Rotana, left, and Tala Farea, whose fully clothed bodies, bound together with tape and facing each other, were discovered on on the banks of New York City's Hudson River waterfront on Oct. 24, 2018. (NYPD via AP)
Updated 05 November 2018

Bodies of Saudi girls found dead in NY river laid to rest in Madinah 

  • The two sisters were found dead last week in the Hudson River in New York
  • Police say they have uncovered no credible evidence that Rotana Farea and Tala Farea were victims of foul play

JEDDAH: The bodies two Saudi sisters who were found dead last week in the Hudson River in New York have been laid to rest early Sunday in Madinah.

The bodies of Tala Farea, 16, and Rotana Farea, 22, had arrived earlier in the King Abdu Aziz Airport in Jeddah where they were received and transported to Madinah, to be buried at al-Baqi cemetery.  

New York police said that the mysterious death of the two Saudi sisters could have been a double suicide after they were found tied together with duct tape at their feet and bound at the waist near the Riverside Park in the Upper West Side of Manhattan.

The sisters had been living in Fairfax, Virginia with their mother, but Rotana had moved to live in New York. They are Saudi citizens from Jeddah.

Police have uncovered no credible evidence that Rotana Farea and Tala Farea were victims of foul play, Chief of Detectives Dermot Shea told reporters at a news conference Friday afternoon. 

“At this point in time we have no credible information that a crime took place in New York City… but it is still under investigation,” Shea said. 

 

 

 


Fraud alert over cryptocurrency falsely linked to Saudi Arabia

Updated 21 August 2019

Fraud alert over cryptocurrency falsely linked to Saudi Arabia

  • The website of a cryptocurrency company is promoting what it calls the CryptoRiyal and SmartRiyal
  • The Singapore-based company uses the Saudi emblem of two crossed swords and a palm tree

JEDDAH: Fraudsters are trying to lure victims into investing in a “virtual currency” with false claims that it is linked to the Saudi riyal and will be used to finance key projects, the Saudi Ministry of Finance warned on Tuesday.

The website of a cryptocurrency company in Singapore is promoting what it calls the CryptoRiyal and SmartRiyal, using the Saudi emblem of two crossed swords and a palm tree. Its “ultimate goal” is to finance NEOM, the smart city and tourist destination being built in the north of the Kingdom, the company claims.

“Any use of the KSA name, national currency or national emblem by any entity for virtual or digital currencies marketing will be subject to legal action by the competent authorities in the Kingdom,” the ministry said on Tuesday.

The fraudsters were exploiting ignorance of how virtual currencies work, cryptocurrency expert Dr. Assad Rizq told Arab News.

“A lot of tricks can be played,” he said. “Some of these companies are not regulated, they have no assets, and even their prospectus is sometimes copied from other projects.

“They hype and pump their project so the price goes up. Inexpert investors, afraid of missing out, jump in, which spikes the price even higher. Then the owners sell up and make tons of money.

“Cryptocurrencies are a risky investment for two reasons. First, the sector is not yet fully regulated and a lot of projects use fake names and identities, such as countries’ names or flags, to manipulate investors.

“Second, you have to do your homework, learn about the technology. And if you still want to invest, consider your country’s rules and regulations.”