Saudi authorities convict 23 in million dollar money laundering case

Saudi authorities wrapped up a case involving an attempt to smuggle a million dollars out of the Kingdom, convicting 23 individuals, the Public Prosecution announced on Monday.

An investigation revealed how they were found with over SR4 million ($1.07 million) in cash, which they divided among themselves before attempting to leave the country via one of the Kingdom’s land borders.

Authorities said the individuals, all expats from south Asian countries, had acquired the money through illegal means.

Sixteen of the accused were given 15 year prison terms and a fine of SR7 million each.

The rest were given between 4 and 8 years in prison, in addition to various fines.

Once they serve their penalties, they will be deported from the Kingdom.

The money they tried to launder was confiscated.