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"Saudi says 208 questioned in graft probe, at least $100 billion stolen"
Posted by: Steve G.
Date: November 09, 2017 11:12AM
As opposed to the famously honest and straight-forward way business is usually conducted in Saudi Arabia?

Saudi says 208 questioned in graft probe, at least $100 billion stolen
[www.reuters.com]

DUBAI (Reuters) - Saudi Arabia’s attorney-general said on Thursday that 208 people have been called in for questioning in a sweeping anti-corruption investigation, and seven of them had been released without charge.

“Based on our investigations over the past three years, we estimate that at least $100 billion has been misused through systematic corruption and embezzlement over several decades,” Sheikh Saud al-Mojeb said in a statement.

He repeated statements by other top officials that normal commercial activity had not been affected by the crackdown, and that only personal bank accounts had been frozen, not corporate accounts. “Companies and banks are free to continue with transactions as usual.”
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Re: "Saudi says 208 questioned in graft probe, at least $100 billion stolen"
Posted by: vision63
Date: November 09, 2017 12:42PM
Quote
Steve G.
As opposed to the famously honest and straight-forward way business is usually conducted in Saudi Arabia?

Saudi says 208 questioned in graft probe, at least $100 billion stolen
[www.reuters.com]

DUBAI (Reuters) - Saudi Arabia’s attorney-general said on Thursday that 208 people have been called in for questioning in a sweeping anti-corruption investigation, and seven of them had been released without charge.

“Based on our investigations over the past three years, we estimate that at least $100 billion has been misused through systematic corruption and embezzlement over several decades,” Sheikh Saud al-Mojeb said in a statement.

He repeated statements by other top officials that normal commercial activity had not been affected by the crackdown, and that only personal bank accounts had been frozen, not corporate accounts. “Companies and banks are free to continue with transactions as usual.”

Fortunately I gots bank accounts all ovah....
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Re: "Saudi says 208 questioned in graft probe, at least $100 billion stolen"
Posted by: Filliam H. Muffman
Date: November 09, 2017 03:05PM
I wonder how much of this graft probe is a result of the Paradise Papers exposing citizens with overly large bank accounts.



In tha 360. MRF User Map
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Re: "Saudi says 208 questioned in graft probe, at least $100 billion stolen"
Posted by: hal
Date: November 09, 2017 03:10PM
I read that there are no corruption laws on the books - it's not illegal to use your office to enrich yourself. Sounds like one guy is drawing a line and defining corruption for himself.
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