Saudi Arabia jails 11 people for laundering $2.7 bln: Report

Eleven people including nine foreigners have been sentenced to jail in Saudi Arabia on charges of laundering ten billion riyals ($2.67 billion), state TV reported on Sunday quoting a prosecution statement.

For the latest headlines, follow our Google News channel online or via the app.

The judiciary also ordered fines and the confiscation of funds and assets from seized investment portfolios, the report added.

Read more:

Saudi police arrest man who smashed car windows, threatened people with metal object

Mass brawl in Riyadh shopping district leads to nine arrests: Police

Police arrest thieves in Riyadh, seize 26 stolen vehicles and money