Saudi police arrested 17 men accused of money laundering in the Kingdom and after their activities were discovered by monetary authorities.
Newspapers said the ring is headed by two expatriates and it includes Saudis and other men involved in laundering in several cities.
The ring leaders were arrested in the Western Red Sea port of Jeddah, while the remaining culprits were nabbed in the capital Riyadh and other cities.
“They were collecting money from illegal sources and siphoning it out of the Kingdom… monetary authorities monitoring funds movements discovered the laundering operations and those involved,” Ajel daily said.
It said a court trying the 17 sentenced them to a total 72 years and ordered the deportation of the expatriates.
