Saudi Graft Suspects Are Starting to Make Payments for Freedom - Bloomberg:
"Saudi suspects being held as part of the kingdom’s crackdown on alleged corruption are starting to make payments to settle cases in exchange for freedom, according to people with knowledge of the matter.
Some businessmen and officials being detained at the Ritz-Carlton are signing agreements with authorities to transfer a portion of their assets to avoid trial, the people said, asking not to be identified because the discussions are private. Some detainees have started to transfer funds from personal accounts to government-controlled accounts, the people said.
The payments, less than a month since the detentions, show the speed at which Saudi Arabia wants to settle the corruption probe that involved the sudden arrests of royals and billionaires such as Prince Alwaleed bin Talal this month. The purge -- while welcomed by some in Saudi Arabia -- has also stirred political uncertainty in the kingdom at a time when Crown Prince Mohammed bin Salman is seeking to attract international investment."
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