Monday, May 6, 2024
A Saudi and an Expat sentenced to 2.5 years Prison and 100,000 Riyals fine
An expat and one Saudi citizen have been sentenced to 2.5 years in prison and fined 100,000 riyals by the Riyadh Criminal Court for their roles in a business cover-up scheme (Tasattur). Trending : No entry into Makkah without permit for Hajj 2024
According to a statement from the Ministry of Commerce, which was relayed by the Saudi Press Agency, the expatriate was Syrian national and he was sentenced two years in prison and the citizen sentenced to six months jail term.
- In addition to canceling the license and the business registration, the court also decided to seize and confiscate any funds or proceeds that came from the crime of concealment. After serving his sentence and paying his fine, the Syrian national will be deported from the Kingdom.
- While the Saudi citizen will not be able to engage in any kind of business activity for the next five years. The guilty will be required to pay zakat, fees, and taxes, and they will also be required to pay to have the verdict published in their local media. Most Viewed : Saudi Arabia ranks among World's 20 largest car markets
- According to the findings of the investigations, the Saudi national gave the Syrian national permission to do cover-up business in the Riyadh contracting industry worth 2 million Saudi Riyals. Through a contracting firm that belonged to the citizen, the resident was able to engage in contractual activities.
A Saudi and an Expat sentenced to 2.5 years Prison and 100,000 Riyals fine
