Riyadh - Mubasher: Saudi banks have frozen more than 1,200 accounts belonging to individuals and companies as part of the government’s anti-corruption efforts, Reuters reported on Tuesday.

Bankers and lawyers told the news agency that number is continuing to rise.

The bankers did not name the companies affected but said they included listed and unlisted firms across many sectors.

Money and assets seized during the crackdown and proven that it comes from corruption will be put under the country’s control and added to the kingdom’s public treasury, Al Sharq Al Awsat reported earlier, citing the Saudi Ministry of Culture and Information.

The Saudi government on Saturday arrested 11 princes, as well as several current and former ministers.

An anti-corruption committee chaired by Crown Prince Mohammad bin Salman, was formed under a royal decree by King Salman bin Abdulaziz and issued the arrests.

The Saudi Press Agency (SPA) previously reported that the committee was formed to preserve the country’s public money, issue travel bans, and freeze bank accounts.