Saudi Arabia arrests suspects over corruption worth 3 bln USD

Source: Xinhua| 2021-01-28 04:47:53|Editor: huaxia

RIYADH, Jan. 27 (Xinhua) -- Saudi Arabia's anti-corruption authority has arrested dozens of suspects over a corruption case worth 11.59 billion riyals (3.09 billion U.S. dollars), the Saudi Press Agency reported on Wednesday.

The Oversight and Anti-Corruption Authority has cooperated with the Saudi Central Bank in investigating a case involving a number of bank employees receiving bribes from an organized gang for depositing cash from unknown sources then transferring them outside the kingdom, the report said.

The authority arrested five suspects while they were heading to a bank to deposit over 9.7 million Saudi riyals, and seven businessmen, 12 bank employees, seven other individuals for their involvement in bribery, forgery and money laundering.

Saudi Arabia has been fighting against corruption in the last few years as part of the efforts to protect its economy. Enditem