Riyadh, November 07, 2022, SPA -- An official source in the Public Prosecution stated that the Economic Crimes Prosecution has arrested an organized criminal gang consisting of citizens and four expatriates of Arab nationalities, and is under investigation on charges of counterfeiting money. The culprits will be referred to the specialized court after completing the legal procedures. Investigation procedures revealed that the perpetrators had set up a dedicated den equipped with electronic machines to print banknotes. The source noted that the perpetrators will face a prison sentence of up to (25) years, and a fine of up to SR500,000, per Article 2 of the penal code for counterfeiting money. The source stressed that these acts are among the major crimes that require arrest and are subject to severe penalties, stressing that the Public Prosecution is relentless in making all efforts to protect monetary financial transactions from all forms of felonies, and will not hesitate to apply regulations against anyone who attempts to undermine monetary financial security and the national economy. --SPA 15:42 LOCAL TIME 12:42 GMT 0011 www.spa.gov.sa/w1810027