Money transfers out of Saudi Arabia by expats decline

News Network

December 31, 2021

Riyadh, Dec 31: Money sent out of Saudi Arabia by foreign workers fell to SR13 billion ($3.46 billion) in November, the lowest since July of this year, data by the Saudi Central Bank revealed.

In a sign that foreigners are sending less money to their home countries, the monthly drop in the indicator was 3.7 percent, following a slight growth of 0.9 percent in the previous month.

In annual terms, transfers changed slightly in November, edging up by 0.8 percent, the bank said.

In 2021, the highest level of transfers from non-natives was recorded in March, valued at SR14 billion.

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Udupi NRI duped of Rs 12.25 lakh in Telegram investment scam

News Network

December 4,2025

Udupi: A 40-year-old NRI from Udupi has reportedly lost more than Rs 12.25 lakh in an online investment scam operated through Telegram.

According to a complaint filed at the CEN police station, Leo Jerome Mendonsa, who has been working in Dubai for the past 15 years in computer accessories sales, maintains NRI accounts in Karkala and Nitte.

On November 12, 2025, Mendonsa was added to a Telegram group called Instaflow Earnings by unknown individuals. Users identified as Priya and Dipannita persuaded him to invest in “Revenue Tasks.” Initially, Mendonsa transferred Rs 1,100 multiple times and received the promised returns, encouraging him to continue.

On November 14, another user, Nishmitha Shetty, directed him to register on a website, digitvisionuoce.cc, and invest Rs 4 lakh in various shares. Over the next few days, he made multiple transfers totaling Rs 12,25,000, including Rs 50,000 via Google Pay, believing the scheme was legitimate.

After receiving the money, the alleged handlers stopped responding, and neither the invested amount nor the promised profits were returned.

The CEN police have registered a case under Sections 66(C) and 66(D) of the IT Act and Section 318(4) of the Bharatiya Nyaya Sanhita (BNS), and investigations are ongoing.

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