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Weapons of Mass Destruction (WMD)

Saudi Anti-Graft Campaign Reveals At Least $100 Billion Stolen

Sputnik News

18:03 09.11.2017

As many as 208 people have been called in for questioning as part of an ongoing crackdown on corruption in Saudi Arabia.

The attorney general of Saudi Arabia has quantified the economic damage inflicted from longtime corruption activities in the kingdom.

"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, as quoted by Reuters.

He also reiterated a statement by other top officials that normal commercial activity had not been affected by the anti-corruption campaign and that only personal accounts had been frozen.

Over 40 members of the royal family, including billionaire Prince Alwaleed bin Talal, ministers, military officials and businessmen, were arrested in Saudi Arabia on Sunday at an order of the kingdom's newly established anti-corruption committee headed by Crown Prince Mohammed bin Salman.

Reuters reported citing banking sources that the number of domestic bank accounts frozen as a result of the crackdown reached over 1,700 on Wednesday.


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