The Ministry of Commerce and Industry is fined and penalized for issuing fraudulent checks. According to the Ministry of Commerce sources, the sentence of the bogus check payer depends on the check amount.
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'News24' reported that the Trade and Industry Complaints Cell's committee received complaints against multiple people who were informed they received compensation checks, but banks denied giving them out. Insufficient funds in the account.
Following complaints received from the Ministry of Commerce, responsible for monitoring trade fraud, investigations revealed that 10 individuals issued checkbugs.
The investigation teams conducted investigations with the relevant banks and found that it was legally incorrect for there to be no funds in the accounts on the date when the checks were issued.
10 individuals were sentenced to imprisonment and fines by the relevant committee after presenting a case against them for issuing bogus checks. The Ministry of Commerce Investigation Teams carried out this task.
Sources state that the punishment's type is determined by the check's value. The defendants have been ordered to pay fines ranging from 1000 to 30,000 riyals and serve imprisonment from one to five months.
Those who issue fake checks by the Commerce Ministry face imprisonment, fines, and advertising campaigns by local media, all of which come at a cost to the accused.