Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Visitors welcomed with Eid initiative at Thee Ain Heritage Village in Al-Baha    Over 1 million pilgrims benefit from golf cart service at Grand Mosque during Ramadan    Saudi Arabia considers rent cap as part of major real estate reforms    Tebuk emir reviews rain response in Tayma    Messi's bodyguard banned from touchline at Inter Miami games    Screen time in bed linked to insomnia, study finds    Death toll from Myanmar earthquake rises to 2,719 as rescue efforts continue    Russia, Ukraine trade blame over new energy strikes    Putin orders Russia's largest military call-up in over a decade    Le Pen vows to appeal political ban, calls verdict a 'denial of democracy'    Haramain High-Speed Railway transports over 1.2 million passengers during Ramadan    Albania hosts MWL chief for Eid sermon at largest mosque in the Balkans    Ministry of Education forms 425 community partnerships with SR653 million impact    Saudi Transport Authority says passengers can ride for free if taxi meters are off    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    T1 CEO confirms Gumayusi's return for LCK Spring after lineup shakeup    100 Thieves claim Marvel Rivals Invitational NA crown as 2025 scene heats up    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Bad debts: 63,000 may face prison in two years
Published in The Saudi Gazette on 02 - 07 - 2011

JEDDAH: Abdullah Bin Mahfoudh, Chairman of the Prisoner Care Committee in the Jeddah Region, has said that some 63,000 Saudis could face prison over the next two years for failing to pay back debts.
Bin Mahfoudh told Al-Hayat Arabic daily that Saudi individuals have racked up some SR3 billion in owed monies.
“None of them are able to pay the debts back, according to information from SIMAH,” he said, in reference to the Saudi Credit Bureau, a body providing consumer and commercial credit information services in the Kingdom and operating under the supervision of the Saudi Arabian Monetary Agency (SAMA).
Bin Mahfoudh said that his committee has asked the Shoura Council to study the issue “in view of the threat it poses”.
“In accordance with well-known regulatory measures, the next two years will see the legal pursuit of these massive numbers through civil rights processes, and the choice for all involved will be to pay up or go to prison,” he said.
Bin Mahfoudh said that most of the debts were taken on when the stock market collapsed, while considerable sums were also loaned out for trade, consumer, and industrial purposes.
“Consumer loans alone account for around SR100 billion (of debt),” he said. “The committee has made a number of proposals to resolve the issue of loan debts, most of which are with banks and car companies. We have suggested working with the banks and car companies to use some of the Zakat money they pay for the release of persons imprisoned over debt.”
Bin Mahfoudh added that a decision from Prince Naif Bin Abdul Aziz, Second Deputy Prime Minister and Minister of Interior, to exempt the 300 foreign women in Jeddah prisons from the remainder of their sentences would help to reduce overcrowding in the region's detention centers.
“Many of them have been incarcerated for offenses against public morality and forgery, with some of them sentenced to up to three years,” Bin Mahfoudh said.
“We feel that they can be released, particularly given that their large number is increased by the fact that all of them have with them at least one child, and sometimes two.” Prince Naif's decision, he said, means that the women will be released early and deported, with their fingerprints taken to ensure they are not able to reenter the Kingdom.


Clic here to read the story from its source.