RIYADH: Public Prosecution investigations have revealed that 11 convicts of Arab nationalities and two citizens were involved in money laundering and smuggling. The convicts used the accounts of commercial institutions in the contracting field to deposit funds and receive transfers from local banks to transfer them later to banks abroad, in exchange for a 5 percent commission for each transfer. Following investigations, the convicts were found guilty of money laundering and fined SR166 million ($42 million), and sentenced to a total of 51 years in prison. The Public Prosecution also seized SR176 million, along with SR700,000 in cash and funds deposited in the convicts’ personal accounts that exceeded SR7 million. The Public Prosecution canceled the commercial registrations of four entities and deported the foreign convicts after serving their full sentence, and banned them from entering the Kingdom again. It imposed a travel ban on the citizens after being released from prison for the same period as their sentence. The Public Prosecution confirmed that it is closely following up and monitoring activities that threaten the national economy in cooperation with relevant authorities.