JEDDAH: Defendants of various nationalities are facing trial in Jeddah for their involvement in money laundering cases for a whopping SR2 billion.
Relevant authorities have referred the cases to the financial department of the Bureau of Investigation and Public Prosecution (BIPP).
Sources said that the administrative court of appeals overturned a judicial ruling in one of the cases involving SR1 billion. A Lebanese expatriate and a number of citizens will be tried soon in that case.
The court started the trial of a number of accused and finalized some of the files by issuing prison terms and financial penalties, a source said.
“A number of accused in money laundering cases in Jeddah have rejected the accusations, saying that they had commercial activities inside and outside the Kingdom which led to the huge bank accounts,” said the source.
The accused were arrested after suspicious acts were noted in their bank accounts. They were called in for investigations to verify the legality of their accounts and referred to court based on their statements.
Relevant authorities have referred the cases to the financial department of the Bureau of Investigation and Public Prosecution (BIPP).
Sources said that the administrative court of appeals overturned a judicial ruling in one of the cases involving SR1 billion. A Lebanese expatriate and a number of citizens will be tried soon in that case.
The court started the trial of a number of accused and finalized some of the files by issuing prison terms and financial penalties, a source said.
“A number of accused in money laundering cases in Jeddah have rejected the accusations, saying that they had commercial activities inside and outside the Kingdom which led to the huge bank accounts,” said the source.
The accused were arrested after suspicious acts were noted in their bank accounts. They were called in for investigations to verify the legality of their accounts and referred to court based on their statements.
