Tuesday 30 January 2018

Saudis Reap $107 Billion in Graft Pacts as 56 Remain Held - Bloomberg

Saudis Reap $107 Billion in Graft Pacts as 56 Remain Held - Bloomberg:

"Saudi authorities have reached agreements to recover more than 400 billion riyal

s ($107 billion) from people held under a controversial corruption investigation but refused to settle with 56 suspects who remain in custody.

The payments are a combination of “various types of assets, including real estate, commercial entities, securities, cash and other assets,” Attorney General Sheikh Saud Al Mojeb said in a statement released by the government’s Center for International Communication.

Some individuals were released due to lack of evidence. A total of 381 people were subpoenaed for questioning either as suspects or to provide evidence. Authorities refused to settle with 56 people “due to other pending criminal cases, in order to continue the investigations process,” according to the statement."



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