Three Expatriates Charged: Financial Fraud in Saudi Arabia

Three Expatriates Charged

Financial fraud is a serious issue that affects people and economies worldwide. In Saudi Arabia, the authorities take this matter seriously and are committed to stopping it.

The recent charges brought against three expatriates for financial fraud in the country are a testament to this.

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The Fraudulent Activity

An official source at the Public Prosecution in Saudi Arabia has reported that three expatriates have been charged with financial fraud for committing fraud by using prohibited devices smuggled from neighbouring countries.

According to the official, the investigation procedures revealed that the three individuals involved had extracted SIM cards and passed the calls in an irregular manner.

This led to a number of financial fraud crimes being committed using the smuggled devices.

Evidence Discovered

During the inspection of the suspects’ homes, authorities discovered 220 SIM cards, 170 activated SIM cards, a device used to activate the SIM cards on fake device numbers, 3 transmitters to convert international numbers into local numbers, a device that distributes communication lines, and numerous papers containing the SIM card activation dates.

These findings were enough evidence to arrest and charge the three expatriates with financial fraud and breach of trust under Saudi Arabia’s Anti-Financial Fraud and Breach of Trust Law.

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Penalties for Financial Fraud

The source emphasized the prohibition of behaviours that would defraud and steal people’s money, which are punishable by strict criminal penalties.

In Saudi Arabia, financial fraud is a crime that is taken seriously, and those caught committing it can face severe consequences.

Conclusion

Financial fraud is a serious issue that can have long-lasting effects on individuals and economies. The charges brought against the three expatriates in Saudi Arabia for committing financial fraud using illegal devices serves as a reminder that the authorities are committed to stopping it.

It is important for everyone to be aware of these types of crimes and to report any suspicious activities to the authorities. By doing so, we can all help to prevent financial fraud and protect ourselves from becoming victims.