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Jeddah Police in search for suspected bank conman
By Ibrahim Alawi
Published in The Saudi Gazette on 17 - 06 - 2010

Jeddah Police are searching for a Saudi employee of a bank in Jeddah for his involvement with a Yemeni man in a scheme to dupe people into believing they could get them bank loans.
In return for a huge commission, they convinced their victims that they had connections to speed up the loan process.
The initial police investigation showed that the Yemeni man was always present in the vicinity of the bank to give the impression to his victims that he had some influence in the process.
He told them he had a man inside the bank who would help them get the loans quickly.
According to the police, a citizen had given the Yemeni a sum of money to facilitate the loan procedures for him. When the swindler did not turn up he reported the matter to the police.
A team from the Criminal Investigations Department (CID) at Jeddah Police was assigned to the case.
They succeeded in identifying the Yemeni and are still looking for his Saudi accomplice.
An official from the team said the Yemeni man had convinced a Saudi employee at the bank to help him in his scheme.
He said the Yemeni struck a deal with several service seekers to help them complete the loan procedures, but the victims did not get anything in return for their money.
When he realized that one of his victims was chasing him, he hid in a furnished flat in Jeddah.
This is where the CID team managed to track him down. During questioning, he admitted that he and his Saudi accomplice conned several service seekers.


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