A Saudi conman has been arrested after three years on the run for taking SR100 million from individuals in a fraudulent share investment scheme promising quick returns. The accused ran a traditional food preparation and packaging firm, which operated in several regions of the country from its main premises in Buraidah, and share investments through him initially yielded promising returns and led to ever greater investment. As the funds grew to a figure approaching SR100 million, the accused disappeared. Shareholders whose promised profits failed to appear took their case to the Administrative Court in Qassim which ordered the attorney general to bring him before the court, but unable to locate the accused, the court instead sentenced him in absentia.
