Wednesday, 27 December 2017

High profile Saudis released after graft probe

High profile Saudis released after graft probe:

"Several high-profile Saudi businessmen and former government employees rounded up in a corruption crackdown have secured their freedom after reaching financial settlements with the authorities.

Those freed include Ibrahim al-Assaf, who was finance minister for two decades before being sacked last year, and Saud al-Duwaish, a former chief executive of Saudi Telecom Company, according to two people briefed on the matter. Pictures and videos circulated online recently appeared to show them out of detention.

There were no details about the settlements, but the government has previously said those detained could be released if they handed over cash and other assets, believed to be up to 70 per cent of suspects’ wealth in some cases. Others said to have been released include a son of Saleh Kamel, a billionaire who runs one of the Middle East’s biggest conglomerates."



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