Millionaire beggar nabbed in Saudi Arabia

Image
Press Trust of India Riyadh
Last Updated : Jul 23 2014 | 5:13 PM IST
An Arab national, arrested in Saudi Arabia for begging, has turned out to be a millionaire having a fortune of over USD 300,000.
Security authorities seized cash and other valuables worth 1.2 million Saudi Riyals from the family of the man. He also managed to obtain an investor license from a Gulf country. Begging is banned in Saudi Arabia.
Fahd Al-Ghanam, spokesman of Madinah police, said the man was nabbed after he was found begging in dubious circumstances.
The man was assisted by his wife and three children. All of them were staying in the Kingdom illegally. The discovered the money from his custody, Ghanam was quoted as saying by Saudi Gazette.
He was living in a luxurious furnished apartment and used to travel in between various cities and regions in a car owned by him. Authorities have started comprehensive investigation into the man's illegal activities.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 23 2014 | 5:13 PM IST

Next Story