Saudi Arabia faces battle to repatriate assets after corruption crackdown | ZAWYA MENA Edition

Saudi Arabia faces battle to repatriate assets after corruption crackdown | ZAWYA MENA Edition:

"Saudi Arabia has announced it will confiscate money and assets held by dozens of top officials and businessmen detained in an anti-corruption crackdown. But the experiences of two other Arab states trying to recover stolen money, Egypt and Tunisia, suggest Riyadh may face years of legal and diplomatic battles to secure assets held abroad. Even then success is not guaranteed. The anti-corruption committee that detained princes, tycoons and ministers at the weekend has the power under a royal decree to take "whatever measures are deemed necessary" to seize companies, funds and other assets without waiting for the results of criminal investigations. "



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