Saudi man arrested after $12m scam

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Image for illustrative purposes).

(Image for illustrative purposes).

Police in Saudi Arabia have arrested a man in his 30s for allegedly conning 15 people out of SAR45m (US$12m), it was reported.

The unnamed son of a former senior government official was arrested on Monday and charged with writing 200 fraudulent cheques, according to Saudi Gazette.

Spokesman for Makkah Police, Lt Col Abdul Mohsin Al-Maiman, said the man made his victims believe he was an exclusive agent for a renowned global smart phone company and claimed he could procure the latest smartphones for low prices to sell to customers before distributing profits to shareholders.

Targets who trusted him handed over their money to invest and in return were given bad cheques, added Al-Maiman.

The man also allegedly told some of his victims that he could get hold of new cars for 60 percent less than their retail price, and that if they wanted such cars they should pay him the cost in advance and wait for three months to receive the vehicles.

It is claimed he used his father’s office in Makkah’s Al-Awali neighbourhood to meet potential targets and write the cheques, which were to be withdrawn from four local banks.

Al-Maiman added the man was arrested 48 hours later in the central province of Qassim after being reported to Makkah police who sent his information to all police stations in the kingdom. The fraudulent cheques were written almost a year ago.

The detainee has been referred to the Makkah Bureau of Investigation and Prosecution.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Revealed: the best Dubai Twitter accounts to follow

Revealed: the best Dubai Twitter accounts to follow

Live in Dubai and hoping to get in on the Twitter buzz? Here...

Kuwait mosque attack shows Gulf vulnerability to ISIL

Kuwait mosque attack shows Gulf vulnerability to ISIL

ISIL is adept at exploiting vulnerabilities with its violently...

1
Facing backlash, US Muslims counter with new advertising campaign

Facing backlash, US Muslims counter with new advertising campaign

Islamic Circle of North America messages are part religious invitation...

Most Discussed