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Saudi Jewelry Fraud Exposed: Citizen Allegedly Embezzles $133,000

Riyadh— A significant jewelry scam has rocked Saudi Arabia, where a citizen is accused of embezzling jewelry worth half a million riyals ($133,000).

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Local media reported that the Financial Fraud Prosecution concluded its investigation, revealing that the suspect exploited delivery apps to carry out the fraud. The accused contacted jewelry stores via social media apps specializing in delivery, negotiating purchases and sending fake bank receipts to finalize the transactions.

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The suspect then used multiple delivery agents to collect the jewelry, which he received at undisclosed locations. Details about the suspect’s identity and specific locations of the fraud remain undisclosed.

Prosecution’s Decision

The Saudi Public Prosecution has ordered the arrest of the accused and referred him to the competent court, demanding penalties as per the “Anti-Financial Fraud and Breach of Trust System.”

Theft Penalties in Saudi Arabia

Saudi law classifies theft as a criminal offense, with penalties varying based on the nature of the theft. The legal system includes guidelines to determine appropriate penalties, including the hadd punishment, which involves amputation of the thief’s hand under specific conditions. However, this severe punishment is not applied to all theft crimes and only under stringent conditions.

If the required conditions for the hadd punishment are not met, the thief faces discretionary penalties such as flogging, imprisonment, or fines. These penalties are determined by the judge based on the severity of the crime and the circumstances surrounding it. The case of the jewelry fraud will follow these legal protocols to ensure appropriate justice.

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