Saudi Arabia Pursues Cash Settlements as Crackdown Expands

18 Nov 2017   Saudi Arabia

Saudi Arabia’s 32-year-old crown prince, Mohammed bin Salman, has spearheaded an anticorruption campaign. Authorities in Saudi Arabia are widening a corruption probe that has reached the upper echelons of the royal family and entangled prominent businessmen who are now being asked to surrender assets in exchange for their freedom, according to two people familiar with the matter. At least two dozen military officers, including multiple commanders, recently have been rounded up in connection to the Saudi government’s sweeping corruption investigation, according to two senior advisers to the Saudi government. Several prominent businessmen also were taken in by Saudi authorities in recent days. It isn’t clear if those people are all accused of wrongdoing, or whether some of them have been called in as witnesses. But their detainment signals an intensifying high-stakes campaign spearheaded by Saudi Arabia’s 32-year-old crown prince, Mohammed bin Salman. Saudi authorities launched a campaign of arrests […]

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