First Published: 2017-11-17

Riyadh striking deals with people detained in anti-graft purge
Sources familiar with matter say deals involve separating cash from assets like property, shares, looking at bank accounts to assess cash values.
Middle East Online

Following closely the anti-graft probe

DUBAI - Saudi authorities are striking agreements with some of those detained in an anti-corruption crackdown, asking them to hand over assets and cash in return for their freedom, sources familiar with the matter said.

The deals involve separating cash from assets like property and shares, and looking at bank accounts to assess cash values, one of the sources told Reuters.

One businessman had tens of millions of Saudi riyals withdrawn from his account after he signed. In another case, a former senior official consented to hand over ownership of four billion riyals worth of shares, the source said.

The Saudi government earlier this week moved from freezing accounts to issuing instructions for "expropriation of unencumbered assets" or seizure of assets, said a second source familiar with the situation.

There was no immediate comment from the Saudi government on the deals.

Dozens of princes, senior officials and businessmen, including cabinet ministers and billionaires, have been detained in the inquiry at least partly aimed at strengthening the power of Crown Prince Mohammed bin Salman.

 

Regime strikes in Syria enclave despite ceasefire call

Russia pours cold water on UN bid to condemn Iran over missiles to Yemen

Egypt presidential race starts with Sisi likely to win

Saudi Arabia to boost entertainment in next decade

Blatter supports Morocco bid for 2026 World Cup

More strikes hit E. Ghouta as UN delays truce vote

Turkey says US embassy Jerusalem opening in May 'extremely worrying'

Lebanon says both suspects in Kuwait murder of Filipina maid held

38 dead in Mogadishu car bombings

Morocco police arrests prominent newspaper publisher

Syria regime continues to pound Ghouta as world stutters

UN rights commission wants S.Sudan war crimes charges

Iran grounds airline's ATR planes after crash

Turkey summons Dutch diplomat over Armenian 'genocide' vote

Turkey navy threatens to engage Italian drillship near Cyprus

Iran police shoving headscarf protester sparks social media storm

UN Security Council to vote Friday on Syria ceasefire

Dubai says Djibouti illegally seized African port

Dutch parliament recognises 1915 Armenian massacre as genocide

Heavily bombarded Eastern Ghouta awaits UN resolution

Russia says Syria rebels rejected offer to evacuate E. Ghouta

UN diplomats press for Syria ceasefire without Russia veto

Iranian minister’s presence at UN rights meeting angers critics

Iran warns it will leave nuke deal if banks cannot do business

Qatar to plant thousands of trees to ‘beautify’ World Cup venues

Pro-Kurdish party says Turkey lying about 'no civilian deaths' in Afrin

African migrants protest Israeli detention policy

Egypt sentences 21 to death for planning attacks

Israeli handball teams in Qatar spark furious outcry from locals

UN report highlights S.Sudan journalist treatment

Palestinian dies after being shot by Israeli soldiers

Gulf states urge Syria to end Ghouta violence

Wanted Bahraini militants die at sea en route to Iran

Iran's Ahmadinejad calls for immediate free elections

Merkel calls for end to 'massacre' in Syria

Iraq urges FIFA to lift ban on hosting internationals

Carnage of Ghouta's bombs breaking families

Blockaded Gaza Strip forced to pump sewage into sea

African migrants start hunger strike over Israel expulsion

UN chief 'deeply alarmed' by Eastern Ghouta violence

Three militiamen killed in Libya car bomb attack

Russia denies ‘groundless’ accusations of role in Ghouta killings

Turkey says whoever helps YPG is 'legitimate target'

Morocco dismantles IS-linked terrorist cell

Turkey urged to end gas standoff with Cyprus