Saudi prosecution confiscates around $1 bln from criminal gang accused of money laundering - state TV

The Saudi Arabian General Prosecution has ordered the confiscation of 4 billion riyals ($1.06 billion) and a 25-year jail term for a criminal gang accused of money laundering, state television reported on Monday.

The gang was comprised of one Saudi citizen and five people with other Arab nationalities, state TV said.

($1 = 3.7573 riyals)

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