Saudi Gazette report TAIF — The Committee for the Settlement of Financial Disputes has reported that it received a host of complaints against a company accused of embezzlement, Al-Madina newspaper said in report on Saturday. The committee said more than 50 people were involved in the scam. They included important figures and at least 10 non-Saudis. The committee tried to contact all of the accused but none of them responded. The committee was forced to post their names on social media hoping they would be indirectly notified of the investigation. The Capital Markets Authority in February fined the company owner with SR1.6 billion for a number of financial irregularities. The owner had filed an appeal in the Committee of Appeals but it was rejected. The appeals committee issued a verdict saying all individuals involved in the company's scam must be fined or imprisoned. The penalties varied from SR300,000 worth of fines or imprisonment of up to five years. Eleven of the convicted people were banned from foreign travel and stock market transactions.