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.”


Spectacular shows celebrate Saudi National Day in style

Updated 21 September 2019

Spectacular shows celebrate Saudi National Day in style

  • Public will be treated to festivals, concerts and firework displays

RIYADH: With the celebrations for Saudi Arabia’s National Day is in full swing this weekend, there is no shortage of events taking place across the Kingdom.

Among the most interesting and spectacular are three international shows being staged in Riyadh, Jeddah, and Dammam, including a special performance by the world-famous Cirque du Soleil.

“Tariq Al-Himma” will take the audience on a unique and extraordinary artistic journey through the past, present and future of Saudi Arabia, in a show filled with national pride. You can catch the hour-long performance at the Green Halls in Riyadh from September 21 to 23, starting at 9:30 p.m. each night. Doors open at 7 p.m.

The Al-Hamra Corniche in Jeddah is the location for “Star Island” on September 23 from 8 p.m. to 10 p.m. Thousands of fireworks will paint the sky with dazzling colors, accompanied by sounds, light effects and laser beams.

The world’s most popular circus show, Cirque du Soleil, presents a specially created hour-long show for Saudi National Day at the Dhahran Expo in Dammam. Featuring 40 artists performing a variety of acrobatic routines, the show begins at 9 p.m. each night until September 23.

The season of events marking the celebration of the Kingdom’s National Day, which falls on September 23, includes more than 40 entertainment, cultural and sporting events and activities across the country. They include festivals, concerts, firework displays, youth forums and public celebrations.