Husband and wife among 23-member gang guilty of sophisticated fraud in Saudi Arabia – The National

Husband and wife among 23-member gang guilty of sophisticated fraud in Saudi Arabia – The National

An expatriate man and his Saudi wife are among 23 members of a gang jailed for a total of 111 years for a sophisticated fraud involving fake investments, phoney websites and foreign shell companies.

Real estate, cars and devices used by the group to commit their crimes have been seized by Saudi authorities.

They were also jointly fined 28.6 million riyals (Dh27.9m) and had the profits of their crimes confiscated.