Adnan Al-Shabrawi Okaz/Saudi Gazette JEDDAH — A Saudi man in his 30s was convicted of money laundering after he transferred up to SR550 million in a single transaction. In total, he laundered nearly SR2 billion. Economic Crimes Directorate arrested the man at Jeddah's King Abdulaziz International Airport as he returned from an African country. The Bureau of Investigation and Public Prosecution reviewed his case. He had claimed to have businesses in the Kingdom, United Arab Emirates (UAE), China and India but when police checked the warehouses and factories he claimed to own in the Kingdom they found they had gone out of business. The man claimed he had over eight bank accounts in the UAE and China and that he would assign an expatriate to transfer the money through his accounts. However, a background check revealed the man was a public sector employee and lived a very modest life with his father. The bureau found the man guilty of money laundering.
