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The court of appeal approved a sentence of the criminal court of Jeddah that punishes a citizen of 5 years and inflicts 300 lashes after being found guilty of fraud and fraudulent acts.
According to Okaz, the citizen has transferred his business in the field of air conditioning and refrigeration to financial intermediaries of the gold and oil trade, asking citizens and citizens to transfer sums up to 39%. to five million riyals and presented to its customers contracts copied from the Internet. .
The public prosecutor has received several information from the owner of the institution, asking him to check his bank accounts and check the transfers made to his account on behalf of his affiliates. He has also been charged with fraud and fraud in the Criminal Court.
The court heard testimony from the Ministry of Commerce and Investment, which had indicated that the defendant did not have a mediation license, the alleged international company based in London being a fictional company, and the defendant admitted to receiving the victims' money.
The citizen was sentenced to five years in prison and 300 lashes. He was found guilty of illegal consumption of money, working without a legal permit and circumventing the competent authorities.
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