Saudi anti-corruption crackdown recovers $107 billion in assets

Saudi Arabia's King Salman has received a report from a special committee investigating public corruption, which will see billions of riyals recovered. (SPA/File photo)
Updated 31 January 2019
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Saudi anti-corruption crackdown recovers $107 billion in assets

  • More than SR400 billion ($107bn) was “retrieved to the state treasury"
  • Settlements were reached with 87 of those accused after they confessed

RIYADH: Saudi investigators have recovered assets worth more than $106 billion in an anti-corruption crackdown ordered by Crown Prince Mohammed bin Salman, the royal court said on Wednesday.

The funds are in the form of property, companies, cash and other assets surrendered by  senior princes, ministers and top businessmen who were under investigation.

In the anti-corruption campaign launched in November 2017, many of the Kingdom’s economic and political elite were detained in Riyadh’s Ritz-Carlton Hotel for nearly three months.

The government summoned 381 people, although some appeared only as witnesses to give evidence. 

A comprehensive review was conducted of the case against each of those detained, under the supervision of the Public Prosecutor, and each was presented with the allegations against them.

Settlements were reached with 87 people who confessed to the charges against them, the royal court said. 

The public prosecutor refused to settle the cases of 56 people because of existing criminal charges against them. Eight people refused to reach a settlement, and have been referred to public prosecution for further action under the law.

Everyone who was detained but not indicted on charges related to corruption has been released, the court said.

The anti-corruption committee set up by the crown prince submitted its report to King Salman on Wednesday. It said it had now completed its work, and asked for the king’s permission to cease operations.

The king agreed, and thanked the committee and the crown prince for their efforts.

King Salman pledged that the Kingdom would “continue its efforts to preserve integrity, combat corruption, and empower law enforcement and other relevant state bodies so that they are able to effectively practice their role in preserving public funds.”


Thunder and dust storms expected to hit various regions of Saudi Arabia

Updated 19 April 2019
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Thunder and dust storms expected to hit various regions of Saudi Arabia

RIYADH: Thunder and dust storms are expected to affect the Riyadh region from the early hours of Friday till 9 p.m.
Areas affected will include Riyadh, Al-Kharj, Rumah, Al-Muzahimiya, Hawtat Bani Tamim, Huraymila, Al-Aflaj, and surrounding areas.
Dust and thunderstorms are also expected in the Kingdom’s Eastern Province.
Saudi Arabia’s General Authority of Meteorology and Environmenal Protection also said that dust storms will limit visibility in the Kingdom’s northern and western regions.