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Friday, Dec 02, 2022

Six arrested for counterfeiting money

Six arrested for counterfeiting money

Six persons, including two citizens and four expatriates, were arrested for their involvement in counterfeiting money.
An official source at the Public Prosecution stated that its Economic Crimes Wing has started an investigation into the illegal activities of an organized criminal gang consisting of two citizens and four Arab nationalities, on charges of counterfeiting money. Procedures are underway before referring them to the competent court for their trial.

It was revealed in investigations that the perpetrators had equipped their hideout with electronic machines to print banknotes. The source noted that the criminals face a prison sentence of up to 25 years and a fine of up to SR500,000, according to article two of the penal system for counterfeiting and counterfeiting money.

The source stressed that these acts are major crimes that warrant severe penalties. The source stressed that the Public Prosecution is continuing to protect monetary financial transactions from all forms of felony, and will not hesitate to take strict punitive measures against anyone who attempt to harm monetary financial security and the national economy.
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