The Investigation and General Prosecution Commission (IGPC) is preparing to charge a man who defrauded SR10 million from a company serving domestic pilgrims. The man had allegedly signed contracts in the name of the unsuspecting company and then collected the money from investors. The contracts were to lease residential towers for pilgrims in Makkah. A source at the IGPC said the general prosecutor will officially charge the man in preparation for trial. The case goes back to 2007 when the man allegedly signed fake contracts with hundreds of investors worth a total of SR10 million. According to witness testimonies he allegedly used the name of the Umrah company as a cover for his deception. Saad Bin Ahmad Al-Bahouth, the lawyer of the victims, argued that circumstantial evidence proved that the man had committed fraud by luring investors to part with their money. This provides concrete evidence that he had an intention to swindle investors, claimed Al-Bahouth. A source at the police said the IGPC is about to complete its investigation into the case and start court proceedings.
