Hearing set in money laundering case

Author: 
ARAB NEWS
Publication Date: 
Wed, 2011-09-21 01:12

Court sources said the Prosecution and Investigation Commission (PIC) submitted to the court a list of charges against the defendant accusing him of money laundering and receiving bribes for issuing deeds enabling some people to illegally own pieces of land in the city.
The sources did not name the defendant but said the accusations against him included receiving bribes of more than SR15 million, owning 10 luxurious cars and registering three villas in an upper class area in the city in his wife’s name.
He was also accused of negligence in the Jeddah flooding crises of 2009 and 2011 by approving deeds for land in areas vulnerable to such disasters.
According to the list of charges, the defendant was also accused of accumulating unlawful wealth, abusing a public position to make a profit, tampering with rules and regulations and forgery.
The prosecutor said the defendant was depositing money in the banks under other names. He had earlier admitted to the charge of issuing illegal land deeds.

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