Illegally transferred money abroad; Nine expatriates arrested in Saudi Arabia!

MIAMI - JULY 17: Josephine Martinez is handcuffed as she is taken into custody by Miami-Dade police Mortgage Fraud Task Force during an early morning raid July 17, 2008 in Miami, Florida. Martinez was arrested during Operation: "Life is Good", which included the arrest of 15 people suspected of being involved with mortgage fraud. The individuals were arrested for activity that included, but not limited to racketeering, conspiracy to racketeer, use of personal identification information, grand theft, and money laundering. Some statistics show that Florida ranks first in the nation for mortgage fraud and second in the number of foreclosures. The task force is comprise of various agencies including the Miami-Dade Police Department, Miami-Dade County State Attorney's Office, Florida Attorney General's Office, Florida Department of Law Enforcement, State of Florida Department of Financial Services, FBI, U.S. Attorney's Office, Office of the Treasury and others. (Photo by Joe Raedle/Getty Images)

Nine expatriates arrested in Saudi Arabia for money laundering A Riyadh police spokesman said. The news was reported by the Saudi Press Agency. The transfers were reportedly made using individual business bank accounts registered under the names of Saudi nationals in exchange for a financial Commission, SPA reported.

The money was reportedly transferred through a personal bank account registered in the name of a Saudi national. The detainees included three Syrians and three Egyptian nationals, each of Pakistani, Yemeni, and Turkish nationals. They are between the ages of thirty and fifty. The alleged money transfers were reportedly made using individual business bank accounts registered under the names of Saudi nationals in exchange for a financial commission, Riyadh Police assistant spokesperson, Major Khaled Al Kreidis said.

Authorities seized over 1 million riyals ($266,640) that were in the possession of the group. Upon preliminary questioning, they acknowledged the allegations against them and were referred to public prosecution. In August, a group trying to smuggle 500 million riyals (9,74,17,44,600 rupees) abroad was caught in Saudi Arabia.