Friday, 15 June 2018

Ritz-Carlton Crackdown Still Haunts the New Saudi Arabia - Bloomberg

Ritz-Carlton Crackdown Still Haunts the New Saudi Arabia - Bloomberg:

"The Ritz-Carlton Hotel in Riyadh, where hundreds of rich and once-powerful Saudis were detained in what the government called an anti-corruption campaign, has been a hotel again for four months. Its legacy as a jail, though, runs deep in the new Saudi Arabia. Billionaires, royals and bureaucrats remain locked up, including Prince Turki bin Abdullah and former Economy Minister Adel Fakeih, a key architect of the kingdom’s transformation plan, according to associates. Some are now in the Al-Ha’er prison, a maximum-security facility south of the capital where many Islamic militants are incarcerated.  Those released had to promise to pay huge settlements, while some were banned from travel or required to wear ankle bracelets to monitor their whereabouts, according to their associates. The fate of those still being held is unknown, including the former head of the Saudi Arabian General Investment Authority, Amr Al-Dabbagh, and Ethiopian-born Saudi billionaire Mohammed Al Amoudi. "



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