Mubasher TV
Contact Us Advertising   العربية

Saudi Arabia’s anti-corruption crackdown ends with $107bn in coffers

Saudi Arabia’s anti-corruption crackdown ends with $107bn in coffers
King Salman has approved to end the corruption investigation on Wednesday

Riyadh – Mubasher: Saudi Arabia announced that its high-profile anti-corruption probe, led by Crown Prince Mohammed bin Salman, has come to an end.

King Salman has approved to end the corruption investigation on Wednesday, according to a statement released by the official Saudi Press Agency.

“The public prosecutor has refused to settle the cases of 56 individuals due to already existing criminal charges against them,” the statement said.

In the same vein, cases of eight people were referred to the public prosecutor as they refused to reach settlements with the Saudi government.

“Settlements were reached with 87 individuals after their confession to the charges against them,” SPA said.

More than SAR 400 billion ($107 billion) were collected by the kingdom in coffers “in the form of real estate, companies, cash, and other assets”.

The Saudi anti-corruption crackdown started in 2017, boosting the kingdom’s coffers by over $100 billion and leaving dozens detained.

Hundreds of elite princes, ministers, and businessmen were held for weeks at the luxury Ritz-Carlton hotel in Riyadh under the probe, and most of them were released after agreeing to outstanding financial settlements.