Wednesday 30 January 2019

#SaudiArabia winds down 15-month anti-corruption campaign | Reuters

Saudi Arabia winds down 15-month anti-corruption campaign | Reuters:

Saudi Arabia has ended a sprawling crackdown on corruption ordered by Crown Prince Mohammed bin Salman that it said had recovered more than $106 billion through settlements with scores of senior princes, ministers and top businessmen.

A royal court statement said the government had summoned 381 people, some as witnesses, under the campaign launched in November 2017, but it provided no names. It said 87 people confessed to charges against them and reached secret settlements that included the forfeiture of real estate, companies, cash and other assets.

 The campaign ended as abruptly as it began, despite speculation within the local business community that a new round of arrests was imminent.

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