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| $100bn embezzled, misappropriated in Saudi Arabia over several decades – attorney general | $100bn embezzled, misappropriated in Saudi Arabia over several decades – attorney general |
| (35 minutes later) | |
| At least $100 billion has been misused in Saudi Arabia as part of various types of corruption and embezzlement over several decades, according to Saudi Arabia's attorney general. It comes amid a major anti-corruption effort in the Gulf nation. | At least $100 billion has been misused in Saudi Arabia as part of various types of corruption and embezzlement over several decades, according to Saudi Arabia's attorney general. It comes amid a major anti-corruption effort in the Gulf nation. |
| READ MORE: Saudi Arabia v Iran: What’s behind bitter feud between Middle Eastern powers? | READ MORE: Saudi Arabia v Iran: What’s behind bitter feud between Middle Eastern powers? |
| “Based on our investigations over the past three years, we estimate that at least $100 billion has been misused through systematic corruption and embezzlement over several decades,” Sheikh Saud al-Mojeb said in a statement quoted by Reuters. | |
| He added that of the 208 people questioned in the crackdown, seven have been released without charge. He added that the personal details of those affected would not be revealed at this time, citing the suspects’ legal rights.“Companies and banks are free to continue with transactions as usual,” he said. | |
| The crackdown on corruption took place after Mohammed bin Salman, Crown Prince and heir to King Salman, was granted control over a wide-ranging anti-corruption committee, and immediately exercised his new power over the weekend. Eleven former ministers and dozens of Saudi princes were arrested or detained on charges of graft or financial malfeasance. |