18 November 2019
Five officials accused of financial corruption and administrative fraud in Saudi Arabia have been jailed and fined, the official Saudi Press Agency (SPA) reported. All the funds in their personal bank accounts were also seized. The report added that the prosecution found 300 items of evidence against the defendants.
Five officials accused of financial corruption and administrative fraud in Saudi Arabia have been jailed and fined, the official Saudi Press Agency (SPA) reported. All the funds in their personal bank accounts were also seized. The report added that the prosecution found 300 items of evidence against the defendants.
One of the officials was accused of receiving bribes, committing forgery, and exploiting his position to achieve personal favours. He was given a 12-year jail sentence and fined more than SR1 million. Another official was convicted of receiving and possessing funds collected from bribery and engaging in trade despite being a public official.
The charges against the defendants included wasting public funds, unjust enrichment and selling government property without authority.
Public Prosecution said that the judicial verdicts also affected some commercial entities, which were fined and deprived of signing any contracts with any public authority for a period specified by the pertinent penal regulations.
Saudi has been aggressively cracking down on corruption under Crown Prince Mohammed bin Salman. In November 2017, authorities detained hundreds of top businessmen and royals and held them for months at the Riyadh Ritz-Carlton Hotel as part of an anti-corruption investigation.
We do not know much about the judicial process and its transparency in Saudi Arabia.
Gulf Business reported.
Public Prosecution said that the judicial verdicts also affected some commercial entities, which were fined and deprived of signing any contracts with any public authority for a period specified by the pertinent penal regulations.
Saudi has been aggressively cracking down on corruption under Crown Prince Mohammed bin Salman. In November 2017, authorities detained hundreds of top businessmen and royals and held them for months at the Riyadh Ritz-Carlton Hotel as part of an anti-corruption investigation.
We do not know much about the judicial process and its transparency in Saudi Arabia.
Gulf Business reported.
