JEDDAH — The Jeddah Penal Court declined the bail application of a 26-year-old unemployed Arab expatriate who was jailed for his involvement in a SR2 billion money laundering case. Jeddah Penal Court extended the imprisonment of the young Arab expatriate after his bank account increased by more than SR500 million to reach SR2 billion within a year while he was unemployed. A source from the court reported the expatriate denied the allegations and claimed he owns a business in Dubai. “The court has refused to release him even after a bail application by his sponsor was submitted and demanded a detailed report of his financial transactions and bank account before the next hearing next week,” said the source. — Okaz/Saudi Gazette
