Loading...
Today:  Thursday, 23 November, 2017
Deposit percent:  
Armenian dram
14.00%
,
US Dollar
6.50%
,
European Euro
4.00%
,
Russian Ruble
9.00%

International

Saudi government may confiscate up to $800 billion in anticorruption crackdown

13:30, Wednesday, 08 November, 2017
Saudi government may confiscate up to $800 billion in anticorruption crackdown

The Saudi government is aiming to confiscate cash and other assets worth as much as $800 billion in its broadening crackdown on alleged corruption among the kingdom’s elite, according to people familiar with the matter.
     Several prominent businessmen are among those who have been arrested in the days since Saudi authorities launched the crackdown on Saturday, by detaining more than 60 princes, officials and other prominent Saudis, according to those people and others.
     The country’s central bank, the Saudi Arabian Monetary Authority, said late Tuesday that it has frozen the bank accounts of “persons of interest” and said the move is “in response to the Attorney General’s request pending the legal cases against them.”
     The purge is the most extensive of the kingdom’s elite in recent history. Crown Prince Mohammed bin Salman, the son of King Salman, was named heir to the throne in June and has moved to consolidate power. He has said that tackling corruption at the highest level is necessary to overhaul what has long been an oil-dependent economy. The crackdown could also help replenish state coffers. The government has said that assets accumulated through corruption will become state property, and people familiar with the matter say the government estimates the value of assets it can reclaim at up to 3 trillion Saudi riyal, or $800 billion.

4239 | 3
|
Like and Subscribe
Facebook
ВКонтакте
MAMUL.am
A
A 14:02, 08.11.2017
Saudyan arabyan el maqevets.......ir hhkakananman
Jhudi ***i txerqits
Tsros@ mez..... hay zhoxovurd
A
A 14:06, 08.11.2017
Ara ashotyan .......jhud ***i txa..... hishi inch ei asum chors tari araj
Chari verj@ anxusapeli e !!!!!!
Karen
Karen 23:53, 08.11.2017
Baa, sax poxi kriva, u karcumeq et 800 milliard joxovrdin piti pahen, etel mi urish sultani jebna gnum.