Title: Two Suspects Sentenced to 14 Years Imprisonment for Financial Fraud Crimes Worth SR11 Million in Saudi Arabia

Overview

The Public Prosecution recently revealed the prosecution of two individuals, one a Saudi national and the other a resident, for financial fraud crimes worth over SR11 million.

Collusion with International Criminal Network

• The suspects had colluded with an international criminal network
• The gang operated outside Saudi Arabia in the technology and software sector
• They directed their malicious activities remotely

Fraudulent Activities

• Activated SIM cards illegally
• Passed calls unauthorizedly
• Masqueraded as employees within government departments and financial institutions
• Gained unauthorized access to victims’ personal and banking information

Financial Losses

The financial gains from these criminal schemes amounted to a significant loss for the victims, reaching over SR11 million.

Arrest and Verdict

• Swift arrest of both suspects
• Referral to the competent court
• 14-year jail term and SR5 million fine for each suspect
• Seizure of offending materials and equipment by authorities

Public Prosecution’s Commitment

• Unwavering commitment to tackling financial fraud crimes
• Legal action against individuals attempting to defraud or assist in such crimes

The Fight Against Financial Fraud Continues

The Public Prosecution encourages the public to stay informed and vigilant against suspicious activities.