12th February 2018
A luxury Saudi hotel that served as a detention centre for dozens of princes and top officials held in a corruption drive since November has reopened. Reception staff at the five-star Ritz-Carlton in Riyadh told the BBC the hotel was admitting guests. More than 200 princes, ministers and businessmen… Read More
30th January 2018
AP – A wide-reaching anti-corruption campaign shrouded in secrecy and intrigue has netted more than $106 billion in financial settlements with 56 people remaining in custody, Saudi Arabia said on Tuesday. Saudi Attorney General Saud al-Mojeb said the settlements reached include seizure of real estate assets, commercial entities, securities… Read More
29th January 2018
Saudi Arabian billionaire Prince Alwaleed bin Talal, one of the kingdom’s top international businessmen, was released from detention on Saturday, more than two months after he was taken into custody in a sweeping crackdown on corruption. His release came hours after he told Reuters in an interview at Riyadh’s… Read More
26th January 2018
Authorities in Saudi Arabia are still holding 95 people in an anti-corruption campaign launched by the crown prince in November, according to the kingdom’s attorney general. In an infographic cited by Saudi-owned Al Arabiya on this week, the attorney general said 90 detainees had been released after having… Read More
26th December 2017
Saudi authorities have ordered Prince Al Waleed bin Talal, who is allegedly held in Riyadh’s luxurious Ritz-Carlton hotel, to pay at least USD 6 billion in exchange for his freedom, revealed the Wall Street Journal on December 22. In late November, Saudi Arabia detained about 200 dignitaries and top officials… Read More
18th December 2017
CNBC The mystery behind who owns a $300 million French chateau appears to have been solved. Chateau Louis XIV is a 54,000 square foot palace near Versailles which, when sold in 2015, was described by at least two reports as “the world’s most expensive home.” The identity of the buyer… Read More
15th December 2017
Saudi Arabia has high hopes that a campaign of arrests to crack down on corruption will improve its chances of joining the Financial Action Task Force, a global body dedicated to combating illicit money flows. The kingdom, one of only two G20 nations along with Indonesia which is not a… Read More
4th December 2017
By Angelika Gruber, Brenna Hughes, Michael Shields, REUTERS Swiss authorities are reviewing information submitted by banks about potentially suspicious transactions linked to Saudi accounts but have not frozen funds or launched criminal investigations, federal prosecutors said on Monday. They were responding to a report by the Financial Times that cited… Read More
17th November 2017
17 November 2017 By Ahmad Ghaddar, Dmitry Zhdannikov Saudi Arabia’s corruption investigations are linked to a just few individuals and will not hinder investments in the kingdom, its energy minister said on Thursday. Khalid al Falih said the crackdown was way overdue and would also not have any impact on… Read More
13th November 2017
Radio Free Europe, Radio Liberty ad Hariri, who resigned as Lebanon’s prime minister last week, says his country faces the risk of sanctions being imposed by Gulf Arab nations because of the Iran-backed Hizballah movement’s activities in Lebanon. Hariri made the comments in a television interview from Saudi Arabia on… Read More