Saudi attorney general: Corruption settlements top $107 bln

Saudi Arabia’s Public Prosecutor has confirmed that investigations into corruption cases in the kingdom has nearly finished and has released information on the results so far.

In a statement, Saudi Attorney General Sheikh Saud al-Mojeb said that a total of 381 people were summoned by the Commission, many of whom agreed to testify. Meanwhile, 56 of those summoned are still being held in detention pending further investigations.

“The Attorney General explained that the estimated value of settlement amounts exceeded 400 billion riyals represented in several assets (real estate, companies, securities, cash and others),” a statement from the prosecutor’s office read.

Saudi authorities ealier announced that they had released all remaining detainees from Riyadh’s opulent Ritz-Carlton Hotel, which had been used as an interrogation center in a crackdown on corruption.

The news signaled that the three-month-old probe, in which dozens of top officials and businessmen were detained by investigators who said they aimed to seize some $100 billion of illicit assets, was drawing to a close.



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