Friday, 29 March 2024

Commerce Ministry Refers 585 Concealment Cases to Public Prosecution, in 2021

FacebookTwitterWhatsAppTelegram

Since the beginning of 2021 until the end of August, the Saudi Ministry of Commerce has referred as many as 585 commercial concealment cases to the Public Prosecution.

The ministry supervisory teams conducted more than 21,000 inspection rounds over the commercial establishments and markets, in various regions of the Kingdom, during the same period, to verify their commitment to Anti-Commercial Concealment Law.

Commercial concealment, according to the ministry, is when a non-Saudi is enabled to work for his account by a Saudi or foreign investor, in a prohibited activity, whether through the use of his name, license, commercial register, or any other method.

اقرأ المزيد

Violators of the Anti-Commercial Concealment Law face up to 5 years in prison and a fine of up to SR5,000,000, or one of these two penalties.

The fine will be multiplied by the number of people breaking the law.

The consequences also include publishing the decision, at the violator expense, writing off the commercial register, cancellation of the license, liquidation of the violating activity business, and a five-year prohibition from practising the same activity.

Related



More