Saudi officials warn they have the powers to freeze assets

Saudi officials warn they have the powers to freeze assets:

"Saudi officials have warned that the kingdom’s sweeping anti-corruption crackdown allows them to freeze the accounts and assets of suspects, saying initial evidence revealed “widespread corruption in a number of cases.”

Dozens of princes, ministers and leading businessmen have been caught in the dragnet cast by the reformist crown prince, Mohammed bin Salman, including billionaire investor Prince Alwaleed bin Talal.

Khalid Al-Mehaisen, a member of Prince Mohammed’s new anti-corruption committee, on Monday said the suspects had been under investigation for three years and authorities would continue to issue arrest warrants and travel restrictions to bring offenders to justice."



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