Wednesday, 31 January 2018

Saudi Arabia : £76 billion clawed back through anti-corruption drive

Princes and businessmen were being held in the Ritz-Carlton hotel in Riyadh

Several Saudi princes and businessmen were temporarily imprisoned at the Ritz-Carlton hotel in Riyadh

Of the 381 people arrested in November on the orders of the Crown Prince, fifty-six have been sent to jail. The fifty-six were jailed because they refused to pay fines to secure their freedom.  Those who played ball have been released without charge.

Saudi Arabia says it has netted £76 billion from the exercise.
Image result for the november clampdown on corruption in saudi arabia

Those who were released have handed over property, commercial entities, securities and cash to the government.

Yesterday, Sheikh Saud al-Mojeb, the attorney-general, stated that the investigation had finished and that 400 billion Saudi riyals had been recouped from detainees who had embezzled state funds.

Sheikh Mojeb added, “Negotiations and settlements with those individuals who were charged with corruption were concluded, and cases were transferred to the Public Prosecution Office to complete the relevant procedures.”

Image result for the november clampdown on corruption in saudi arabia

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