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Saudi Arabia nets $106bn in graft settlements

Saudi Arabia nets $106bn in graft settlements
The attorney-general says 56 people remained in custody as part of anti-corruption probe

By Faris Karam and Ahmed al-Masri

RIYADH (AA) – Saudi Arabia has generated over 400 billion riyals ($106.7 billion) in anti-corruption settlements, according to the kingdom’s Attorney-General Saud al-Mujib.

“The estimated value of settlements currently stands at more than SAR 400 billion,” he said in a statement cited by the official SPA news agency on Tuesday.

He said the settlements represented in various types of assets, including real estate, commercial entities, securities, cash and other assets.

Al-Mujib said the total number of people held as part of an anti-corruption probe reached 381.

He said 56 people remained in custody in connection with investigation into corruption allegations.

In November, Saudi authorities detained dozens of public figures, including princes and sitting and former ministers in a massive anti-corruption sweep.

The mass arrests came shortly after an anti-corruption committee under Crown Prince Mohamed bin Salman was formed by a royal decree.

source: News Feed
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