Saudi Arabia to Freeze More Bank Accounts in Crackdown
Title : Saudi Arabia to Freeze More Bank Accounts in Crackdown
Link : Saudi Arabia to Freeze More Bank Accounts in Crackdown
Saudi Arabia’s crackdown on alleged corruption showed no signs of letting up, with more people being questioned and banks freezing more accounts, according to people familiar with the situation.Almost seven weeks after the purge started, authorities are detaining new suspects and releasing some of those held, the people said, asking not to be identified because the matter is private. The Saudi Arabian Monetary Authority is also telling banks to freeze the accounts of more individuals who aren’t under arrest and people linked to them, the people said.
The government’s Center for International Communication didn’t immediately respond to requests for comment. SAMA referred questions to the public prosecution, which didn’t immediately respond to requests for comment.
The authorities are hoping to reach agreements with detainees, who include royals and billionaires such as Prince Alwaleed bin Talal, “within weeks,” Attorney General Sheikh Saud Al Mojeb said earlier this month. The kingdom is hoping to recover as much as $100 billion from settlement deals made with detainees. READ MORE
Saudi Arabia to Freeze More Bank Accounts in Crackdown
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Saudi Arabia to Freeze More Bank Accounts in Crackdown
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