Saudi Arabia's central bank sought to reassure the business community on Tuesday that a sweeping anti-corruption investigation would not hurt the economy, saying companies and banks could operate as normal. At the request of the attorney-general, the central bank is freezing personal bank accounts of suspects pending court rulings on their cases, but it is not suspending operations of their companies, the bank said in a statement. "In other words, corporate businesses remain unaffected. It is business as usual for both banks and corporates," the central bank said, ...
Anti-corruption drive would not hurt economy: Saudi Central bank
Commercial bankers told Reuters earlier on Tuesday that Saudi banks had frozen more than 1,200 accounts on the central bank's instructions