Saudi Government Says It’s Seizing Over $100 Billion in Corruption Purge

Saudi Government Says It’s Seizing Over $100 Billion in Corruption Purge
Cars drive past the Kingdom Centre Tower in Riyadh, Saudi Arabia, January 30, 2018. Reuters/Faisal Al Nasser
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RIYADH—Saudi Arabia’s government has arranged to seize over $100 billion in financial settlements with businessmen and officials detained in its crackdown on corruption, the attorney general said on Tuesday.

“The estimated value of settlements currently stands at more than 400 billion riyals ($106 billion) represented in various types of assets, including real estate, commercial entities, securities, cash and other assets,” Sheikh Saud Al Mojeb said in a statement.