The suspect told his victim he could secure a SR50-million loan from a local bank for a SR3-million commission. The Saudi paid an SR1 million down payment on the fee, according to a report in Al-Eqtisadiah daily Saturday.
The transaction occurred near a bank. After the Saudi paid the sum, the Sudanese man left and switched off his cell phone. Brig. Gen. Misfar Al-Juaid, spokesman of Jeddah police, said details of the dubious deal would be available only after the arrest of the swindler.
“These type of criminals employ various types of fraudulent means and trickery to hoodwink their victims. They simply disappear after getting hold of the money,” he said.