Abdulrahman Al-Ali Saudi Gazette JEDDAH – A Summary Court has fined an Arab expatriate and his Saudi sponsor SR100,000 each after it was confirmed that they were involved in commercial cover-up (Tasattur). The expatriate's account was also frozen by his bank after his monthly balance exceeded SR400,000 and it was discovered that there were remittances exceeding SR800,000. The expatriate said that he worked as a laborer with his Saudi sponsor and took a loan of SR250,000 from his sponsor to invest in Sawa prepaid mobile telephone cards. Another Saudi, who resides in Riyadh, was a partner in the investment scheme. The expatriate's Saudi sponsor admitted giving his worker a loan of SR250,000. He claimed that he did not know that such a deal is a kind of cover-up (Tasattur) and that the regulations ban such dealings. Meanwhile, the verdict in another Tasattur case was postponed due to the absence of the Saudi sponsor of a laborer whose bank account balance reached SR5 million. The first defendant (the expatriate) admitted that his sponsor gave him SR5 million to deposit in his (the expatriate's) account from the profit he made from a carpentry shop, which was expanded to a factory with branches in a number of regions. The third defendant, who is a relative of the second defendant, said he opened an account in the name of the factory and the money deposited in the expatriate worker's account was transferred to the factory's account. But the Prosecutor General said the account in the factory's name was opened after officials launched investigations.
