Saudi Ara­bia: Us$100bn mis­used

Daily Nation (Barbados) - - Front Page -

RIYADH – Saudi Ara­bia’s at­tor­ney gen­eral says at least US$100 bil­lion (£76 bil­lion) has been mis­used through sys­temic cor­rup­tion and em­bez­zle­ment in re­cent decades.

Sheikh Saud al-mo­jeb said 199 peo­ple were be­ing held for ques­tion­ing as part of a sweep­ing anti-cor­rup­tion drive that be­gan re­cently.

He did not name any of them, but they re­port­edly in­clude se­nior princes, min­is­ters and in­flu­en­tial busi­ness­men.

“The ev­i­dence for this wrong­do­ing is very strong,” Sheikh Mo­jeb said.

He also stressed that nor­mal com­mer­cial ac­tiv­ity in the king­dom had not been af­fected by the crack­down, and that only per­sonal bank ac­counts had been frozen.

Sheikh Saud al-mo­jeb said in­ves­ti­ga­tions by the supreme an­ti­cor­rup­tion com­mit­tee, which was formed by royal de­cree and is headed by 32-yearold Crown Prince Mo­hammed Bin Sal­man, were “pro­gress­ing very quickly”.

He an­nounced that 208 in­di­vid­u­als had been called in for ques­tion­ing so far, and that seven of them had been re­leased with­out charge.

“The po­ten­tial scale of cor­rupt prac­tices which have been un­cov­ered is very large,” the at­tor­ney gen­eral said.

“Based on our in­ves­ti­ga­tions over the past three years, we es­ti­mate that at least $100bn has been mis­used through sys­tem­atic cor­rup­tion and em­bez­zle­ment over sev­eral decades.” (BBC)

Newspapers in English

Newspapers from Barbados

© PressReader. All rights reserved.