Saudi Arabia to mint $107 billion in purge settlements

Updated: Jan 31, 2018, 10:44 IST | Agencies

Saudi Arabia's attorney general said on Tuesday $107 billion has been recovered so far in a major crackdown on high-level corruption and that 56 suspects were still being investigate

Those caught up in the corruption crackdown were detained at the luxury Ritz-Carlton hotel in Riyadh. Pic/AFP
Those caught up in the corruption crackdown were detained at the luxury Ritz-Carlton hotel in Riyadh. Pic/AFP

Saudi Arabia's attorney general said on Tuesday $107 billion has been recovered so far in a major crackdown on high-level corruption and that 56 suspects were still being investigated.

Sheikh Saud al-Mojeb said he has completed inquiries into 381 high-profile corruption suspects and decided to keep 56 in custody and free the rest. Total settlements had topped 400 billion riyals ($107 billion) in various forms of assets handed over that included property, securities and cash. The windfall from the settlements will help finance a $13 billion aid package announced by King Salman this month to help citizens cope with the rising cost of living.

56 No. of people who have still not reached settlements

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