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Saudi Arabia jails 11 people for laundering US$2.7b, says state TV
Immigration officers carry pairs of handcuffs at Kuala Lumpur International Airport March 12, 2014. u00e2u20acu201d Reuters pic

RIYADH, Feb 13 — Eleven people including nine foreigners have been sentenced to jail in Saudi Arabia on charges of laundering ten billion riyals (RM11.2 billion), state TV reported today quoting a prosecution statement.

The judiciary also ordered fines and the confiscation of funds and assets from seized investment portfolios, the report added. — Reuters

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