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Saudi has completed main wave of arrests in anti-graft purge, minister says

Reuters  |  WASHINGTON 

By Yara BayoumyWASHINGTON (Reuters) - Saudi Arabia has completed the main wave of arrests in its sweeping crackdown on corruption and is preparing to channel billions of dollars of seized funds into economic development projects, a Saudi minister said on Monday."As far as I know, this is the case," Minister of Commerce and Investment Majid bin Abdullah al-Qasabi told Reuters when asked whether authorities had finished taking large numbers of top officials and businessmen into custody."Now the government will not keep its mouth shut when it sees a corrupt case. So definitely it will act. But ...

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First Published: Tue, December 05 2017. 14:12 IST