Five held for SR12 million fraud

A gang of five con men was arrested in Riyadh for duping businessmen to the tune of SR12 million.
The group which has an impressive office in Malaz in the heart of the capital, consisted of a Saudi, two Yemenis, an Egyptian and a fifth member who has not been identified.
Following a complaint by two men, who reported that the suspects had been cheating customers by promising to make good on their payments for goods purchased from suppliers, the Malaz police launched a massive attack to apprehend them. The men were caught red-handed while receiving the goods from suppliers.
Investigations have revealed that the gang had carried out similar fraudulent activities in different cities in the Kingdom.
Malaz police are conducting further investigations to determine the modus operandi of the fraudsters and the identity of their victims.
Police have also warned members of the public against falling prey to such con men who carry out their activities from plush offices to cheat people.
In a related development, five members of an international gang were recently arrested in Riyadh for stealing SR3 million from the account of a local airlines company. Security sources said the company had reported the theft of a checkbook from the accountant’s office.
The gang comprising two Saudis and three Egyptians had used the stolen checks to withdraw SR2.9 million from the account of a jewelry shop.