Saudi Crown Prince wraps up anti-corruption drive, nets $100bn

Muhammad Bin Salman (MbS), the Saudi crown prince, announced on Thursday that he had wrapped up the anti-corruption campaign he launched more than a year ago by issuing a royal edict for imprisoning scores of prominent princes and world-class tycoons at the Ritz-Carlton Hotel of Riyadh. Most were released after pouring some $100bn of their assets into the Saudi royal treasury. The anti-corruption bureau set up by the prince reported 381 arrests of Saudi citizens, 87 of which confessed to the charges brought against them and paid the fines imposed by the Saudi prosecution. The eight who refused to pay fines will go on trial. The prosecution refused to deal with another 56 of the accused. Their properties were impounded and they will be tried. The rest were released.

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4 thoughts on “Saudi Crown Prince wraps up anti-corruption drive, nets $100bn

  • Jan 31, 2019 @ 14:06 at 14:06
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    …and all the Clintons had to do was to set up a Clinton slush fund and ask for donors. They got a lot more than 100 billion!!

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  • Jan 31, 2019 @ 19:11 at 19:11
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    The total amount is close to 400 billions or at least this is what Saudis said.

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  • Jan 31, 2019 @ 19:37 at 19:37
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    So many shekels! impressive.

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  • Jan 31, 2019 @ 20:49 at 20:49
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    That sounds just like Chicago’s indicted Alderman Ed Burke, who demanded political contributions for allies, as well as business for his law firm in exchange for remodeling permits for a restaurant franchise. Corruption is universal. If you grease my palm, I’ll grease yours!

    Reply

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