Saudi Arabia says it has seized more than $100-billion in corruption purge
Tuesday, January 30, 2018 | Tag Cloud Tags: News, Saudi Arabia, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – Saudi Arabia’s government has arranged to seize more than $100-billion (U.S.) through financial settlements with businessmen and officials detained in its crackdown on corruption, the attorney-general said on Tuesday.
The announcement appeared to represent a political victory for Crown Prince Mohammed bin Salman, who launched the purge last November and predicted at the time that it would net about $100-billion in settlements.
Dozens of top officials and businessmen were detained in the crackdown, many of them confined and interrogated at Riyadh’s opulent Ritz-Carlton Hotel. [ Source: Globe and Mail (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.