Riyadh Metro to begin partial operations next Wednesday: Report    Al Okhdood halts Al Shabab's winning streak with a 1-1 draw in Saudi Pro League    Mahrez leads Al Ahli to victory over Al Fayha in Saudi Pro League    Al Qadsiah hands Al Nassr their first defeat in the Saudi Pro League    Saudi musical marvels takes center stage in Tokyo's iconic opera hall    Downing Street indicates Netanyahu faces arrest if he enters UK    London's Gatwick airport reopens terminal after bomb scare evacuation    Slovak president meets Saudi delegation to bolster trade and investment ties    Civil Defense warns of thunderstorms across Saudi Arabia until Tuesday    Saudi Arabia, Japan strengthen cultural collaboration with new MoU    Saudi defense minister meets with Swedish state secretary    Navigating healthcare's future: Solutions for a sustainable system    Al Khaleej qualifies for Asian Men's Club League Handball Championship final    Sixth foreign tourist dies of suspected methanol poisoning in Laos    Katy Perry v Katie Perry: Singer wins right to use name in Australia    Trump picks Pam Bondi as attorney general after Matt Gaetz withdraws    Al-Jasser: Saudi Arabia to expand rail network to over 8,000 km    OMODA&JAECOO: Unstoppable global cumulative sales over 360,000 units    Sitting too much linked to heart disease –– even if you work out    Denmark's Victoria Kjær Theilvig wins Miss Universe 2024    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    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.



Travel ban imposed on Lebanese, Saudi accomplices in ‘tasattur'
Published in The Saudi Gazette on 14 - 12 - 2015

JEDDAH — Authorities imposed on a Lebanese expatriate and his Saudi accomplices involved in a money laundering operation, Al-Hayat newspaper reported on Sunday.
The Administrative Court in Jeddah will hold a hearing on Dec. 20 to look into the case of the Lebanese man who amassed more than SR1 billion in his bank account by illegally doing business in the Kingdom.
Five top Saudi government officials, one of them is a ministry undersecretary, and a renowned Saudi businessman were charged with helping the Lebanese to conduct tasattur, the illegal practice of allowing foreigners to run businesses in the name of Saudis in return for regular payments.
A summary court will hold a separate trial for the men on charges of money laundering.
A source from the Administrative Court said the case involves six Saudis and two Lebanese men.
"They will be tried on charges of money laundering, tasattur and other violations. The accused may face up to 10 years in prison and SR5 million in fine. All of the money earned illegally will be seized by the court," said the source.
Al-Hayat did not name the Lebanese but said in a report on Tuesday that the company the man operated had a capital of more than SR500 million and he used to transfer large amounts of money home, where he allegedly bought a number of houses.
The Bureau of Investigation and Public Prosecution (BIP) has charged the Saudi businessman and the two Lebanese with tasattur.
According to the company's records, the Lebanese was paid a monthly salary of SR200,000, a housing allowance of SR240,000 and other fringe benefits amounting to SR1 million a year.
According to earlier press reports, his monthly salary was only SR16,000 three years ago. The company has invested in advertising and publicity.
According to court sources, top Saudi government officials Riyadh and the Eastern Province extended exceptional facilities to the defendant. The officials used their influence to ban billboards on rooftops as a favor to the Lebanese though the system permits such advertisements.


Clic here to read the story from its source.