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 assets ranging from real estate and companies to cash and investments. The court in Riyadh declined to...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


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.