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The Ministry of Commerce and Investment has registered a citizen and an Egyptian expatriate following a court order condemning them for purposes of commercial concealment and proving that the citizen was allowing him to do so. Expatriate to carry on a business activity using his trade register and working on his own behalf by practicing the business of selling office tools and school supplies to Hail.
The court sentenced the criminal court to 800,000 riyals, the closure of the institution, the liquidation of its activities, the revocation of its license, the cancellation of the commercial register and Prohibition on the person concealed from engaging in the same activity. By publishing the verdict in a local newspaper at the expense of offenders.
Trade received information about a commercial hiding place in an office, school and student services, as well as evidence showing an increase in the volume of transactions and remittances from the expatriate with individuals and institutions for amounts not proportional to his monthly salary of SR 12,000 and his accounting profession.
As a result, the owner of the institution was allowed to allow the expatriate to engage in an unlicensed activity by practicing or investing in it and working on his own behalf, the case having been referred to authorities concerned for the application of the criminal sanctions provided for by the Anti-Concealment Act.
The Ministry of Commerce and Investment invites all citizens and residents of all regions of the Kingdom to report cases of commercial concealment through its communications center in 1900 or through the United States. "commercial communication" or through the ministry's website. Up to 30% of the total fines assessed after recovery, one million riyals per person.
It is worth mentioning that SAICM recently approved the implementation of the recommendations of the national program against commercial concealment implemented by ten government agencies, which aims to develop regulations and anti-concealment legislation, to stimulate trade electronic and to use technical solutions, to regulate financial transactions to reduce cash outflows, and create jobs that attract and encourage Saudis to invest and find solutions to the problem of irregular ownership of aliens in the private sector.
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