Saudi Public Prosecution seizes $7.46m on money laundering, cover-up

The two people were also sentenced to nine-year imprisonment, local media reported. (File/Shutterstock)
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Updated 13 December 2020
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Saudi Public Prosecution seizes $7.46m on money laundering, cover-up

  • Saudi Public Prosecution seized more than $7.46 million after an institution’s founder and an employee were convicted of commercial cover-up and money laundering
  • The two people were also sentenced to nine-year imprisonment, local media reported

The Saudi Public Prosecution seized more than $7.46 million after an institution’s founder and an employee were convicted of commercial cover-up and money laundering by Jeddah’s Penal Court.

The two people were also sentenced to nine-year imprisonment, local media reported, citing a source familiar with the matter at the Public Prosecution.

The sentence came after a complaint was filed by a local bank to the Saudi Arabia Financial Investigation Unit (SAFIU) about suspected money laundering by the bank account holder.

Investigations into the claim proved that the corporation owner and one employee were accused of money laundering and commercial concealment, the source added.

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Families in Taif embrace Ramadan customs early

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Families in Taif embrace Ramadan customs early

TAIF: Residents of Taif are engaging in early preparations for the holy month of Ramadan, upholding deeply rooted customs that blend religious devotion with social tradition.

Families are meticulously organizing their homes and stocking up on supplies in anticipation of the communal meals and gatherings that define the month’s spirit of kinship, the Saudi Press Agency reports.

The city’s neighborhoods have taken on a festive character, adorned with traditional lanterns, crescent-shaped lights and star-shaped illuminations.

Historian Dhaifallah Al-Radwani said that these preparations — primarily led by women and children — include the use of traditional fabrics, incense burners and henna.

These rituals serve as a vital link to Saudi cultural heritage, ensuring that authentic community values and aesthetic traditions are passed down to new generations.

On Sunday, the last quarter moon of Shaban was visible across the Kingdom. Half of the moon was illuminated, while the other half remained in shadow, completing roughly three-quarters of its orbit around the Earth.

The last quarter moon draws the attention of amateur astronomers and astrophotographers, offering an ideal angle to observe surface features such as craters, volcanic plains and mountains, with shadows along the terminator enhancing their detail.

Jeddah Astronomy Society Director Majed Abu Zahra said that the last quarter moon marks a key transitional phase. Its visible light gradually decreases, becoming a waning crescent before sunrise, until the new moon on Feb. 17 signals the upcoming sighting of Ramadan’s crescent.