Saudi Graft Settlements Could Reap Billions - Bloomberg:
"Saudi authorities estimate they may be able to recover as much as $100 billion from settlement talks with suspects detained in an anti-corruption crackdown that has implicated prominent princes, officials and billionaires, a senior official said.
Suspects are offered settlements to avoid trial, the official said on condition of anonymity to discuss the ongoing investigation. If they accept, talks are then carried out by a special committee to work out the details. The talks involve the amounts authorities believe suspects have amassed illegally, not their entire wealth, and authorities estimate the state could recover between $50 billion and $100 billion, the official said.
The purge, which saw royals and billionaires such as Prince Alwaleed bin Talal, shook the kingdom and reverberated through capitals and financial centers as diplomats, bankers and analysts sought to figure out its impact on wealthy clients as well as the struggle for power in the world’s biggest oil exporter."
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