Saudi Corruption Settlement Talks Should End in a Few Weeks, Official Says - Bloomberg

Saudi Corruption Settlement Talks Should End in a Few Weeks, Official Says - Bloomberg:

"Saudi Arabia’s attorney general said talks to reach settlement agreements with suspects detained in the kingdom’s declared crackdown on graft should conclude in a few weeks.

Sheikh Saud Al Mojeb said that out of more than 300 people summoned for questioning by an anti-corruption agency, 159 are in detention. “Most detainees faced with corruption allegations by the committee agreed to a settlement,” he said in a statement on Tuesday. “As a precautionary measure, the bank accounts of 376 individuals are frozen, all of whom are either detainees” or are linked to those held, he said.

The wave of detentions was made public on Nov. 4, shortly after King Salman announced the formation of the anti-corruption commission headed by his heir, Crown Prince Mohammed bin Salman. The purge prompted a selloff that wiped billions from stock markets across the Gulf, and was seen by some as an attempt by Prince Mohammed to tighten his grip on power. "



'via Blog this'