Saudi 'anti-corruption' purge ends, yielding $107bn for the state

clock • 1 min read

Officials in Riyadh announced on Wednesday they have recovered assets totalling more than $106bn in an anti-corruption crackdown ordered in 2017 by the crown prince Mohammed bin Salman. In a statement, the royal court confirmed the Saudi authorities had summoned or detained 381 people as part of the unprecedented campaign launched in November 2017. The statement said the authorities reached settlements with princes, businessmen and government officials that included the seizure of asset...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.