KSA’s anti-corruption probe not to impact on current projects – Minister

KSA’s anti-corruption probe not to impact on current projects – Minister
KSA’s anti-corruption probe not to impact on current projects – Minister

Riyadh – Mubasher: The Saudi Ministry of Commerce and Investment (MCI) said that the anti-corruption crackdown which the government started previously will not impact negatively on the undergoing projects, Okaz newspaper reported, citing the minister Majid Al Qasabi as saying.

The anti-corruption probe will contribute into sustainable growth of the country’s economy, and will increase success in investments for Saudi citizens, foreign investors, and companies, Al Qasabi added.

On Tuesday, the Saudi Crown Prince, Mohammed bin Salman told the ministers to implement the regulatory procedures to enable companies which are owned by the arrested individuals to continue their business.

The Saudi Arabian Monetary Authority (SAMA) affirmed that the bank accounts which were seized are for the persons who are involved in corruption cases, and do not include the bank accounts of the firms that they have stakes in them.

On Saturday, the Saudi government on arrested 11 princes, and several former current and ministers.

The Saudi Press Agency (SPA) previously said that the anti-corruption which is chair by the Crown Prince was formed to preserve the country’s public money, issue travel bans, and freeze bank accounts.

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Source: Mubasher

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