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Saudi Arabia claims anti-corruption purge recouped $100bn
Source: The Guardian
Saudi Arabia claims anti-corruption purge recouped $100bn
Crackdown concludes with more than 50 royal family members and businessmen allegedly jailed
Martin Chulov Middle East correspondent
Tue 30 Jan 2018 15.00 GMT
Saudi Arabia claims to have recouped more than $100bn (£70bn) through its anti-corruption purge and jailed up to 56 high-profile royal family members and businessmen who refused to surrender their wealth in return for freedom.
On Tuesday morning, the attorney general, Sheikh Saud al-Mojeb , announced the end of a that ensnared some of the kingdom’s best-known figures, who were alleged to have siphoned off billions from state revenues.
He said 400bn riyals had been forfeited by as many as 325 people detained in the Ritz Carlton hotel in Riyadh, where their personal finances were examined by forensic accountants.
The figure, which is impossible to verify, included the value of real estate, business, cash, shares and other assets that many of those detained had signed over during negotiations with the state.
-snip-
Crackdown concludes with more than 50 royal family members and businessmen allegedly jailed
Martin Chulov Middle East correspondent
Tue 30 Jan 2018 15.00 GMT
Saudi Arabia claims to have recouped more than $100bn (£70bn) through its anti-corruption purge and jailed up to 56 high-profile royal family members and businessmen who refused to surrender their wealth in return for freedom.
On Tuesday morning, the attorney general, Sheikh Saud al-Mojeb , announced the end of a that ensnared some of the kingdom’s best-known figures, who were alleged to have siphoned off billions from state revenues.
He said 400bn riyals had been forfeited by as many as 325 people detained in the Ritz Carlton hotel in Riyadh, where their personal finances were examined by forensic accountants.
The figure, which is impossible to verify, included the value of real estate, business, cash, shares and other assets that many of those detained had signed over during negotiations with the state.
-snip-
Read more: https://www.theguardian.com/world/2018/jan/30/anti-corruption-purge-nets-more-than-100bn-saudi-arabia-claims
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