Saudi Arabia ends major anti-corruption campaign


0

Saudi Arabia says it has ended its anti-corruption drive, launched in 2017, that saw hundreds of princes, tycoons and business chiefs rounded up.

More than $100bn (£76bn) in assets – including property and cash – has been recouped by the state, officials in the Gulf kingdom say.

They say settlements were reached with 87 individuals who confessed to the charges against them.

Eight others refused to do so and have been referred to the public prosecutor.

Another 56 cases have not been settled because of criminal charges yet to be resolved.

The crackdown was launched by Crown Prince Mohammed bin Salman in November 2017.

More than 200 princes, ministers and business officials have been held, many of them in hotels in the capital, Riyadh, including the five-star Ritz-Carlton.

The purge of Saudi Arabia’s elite was a huge shock to the system, the BBC’s Arab affairs editor Sebastian Usher says.

The campaign has also unsettled some foreign investors.

The crown prince must now hope that drawing a line under the purge will convince investors it is safe to put money into Saudi Arabia, our editor says.

Mohammed bin Salman has also been under intense pressure since the murder of journalist Jamal Khashoggi in the Saudi consulate in Istanbul, Turkey, on 2 October 2018.

Source : BBC


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
BBC

Comments

comments

Powered by Facebook Comments

Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
List
The Classic Internet Listicles
Open List
Submit your own item and vote up for the best submission
Countdown
The Classic Internet Countdowns
Poll
Voting to make decisions or determine opinions
Ranked List
Upvote or downvote to decide the best list item
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Meme
Upload your own images to make custom memes
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format