Saudi Arabia will prosecute a number of its citizens and expatriates for their involvement in SR14 billion ($3.73 billion) money laundering racket, according to news report.
Al-Watan daily reported that the money was transferred through two ‘hawala’ transactions – SR6 billion and SR8 billion – which were largest uncovered so far.
The Bureau of Investigation and Public Prosecution (BIP) officials said the trial will begin in October at a local court in Jeddah.
In the first case, the money was transferred illegally to a Gulf country, while in the second case Saudi bank employees were found to be involved after accepting money for the illegal transaction.
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