AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,626 Increased By 100.3 (1.33%)
BR30 24,814 Increased By 164.5 (0.67%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)
Markets

Saudi authorities unearth country's biggest corruption case

  • As per reports, 13 government employees belonging to the Riyadh municipality have been arrested in this case, while four businessmen and five employees of a contracting company have also been arrested on serious charges of forgery.
Published October 17, 2020

The Anti-Corruption Authority in Saudi Arabia arrested 22 people while unearthing the biggest corruption case in the country.

According to the Arab News Agency, the Anti-Corruption Authority has seized more than 600 million Saudi riyals in corruption and arrested 22 people in the case, which is being called the largest corruption case in Saudi Arabia.

As per reports, 13 government employees belonging to the Riyadh municipality have been arrested in this case, while four businessmen and five employees of a contracting company have also been arrested on serious charges of forgery.

During a search of the suspects' homes, authorities found more than 193 million Saudi riyals in cash, hidden inside the roofs, the mosque's service room, the water tank, and underground.

In addition, real estate property worth more than 142 million riyals of the arrested accused, which they had built with illegal funds, was also found. The anti-corruption officials have also seized 150 million riyals from the accused's bank accounts.

During the investigation, it was found out that one of the accused took advantage of his position in the Ministry of Finance and committed corruption of more than 110 million riyals in terms of commercial activities.

Officials say that the other corruption of the accused includes corruption of 2.5 million riyals, including groceries, prepaid cards, fuel cards, and foreign currency.

Comments

Comments are closed.