Saudi graft purge 'raises a few concerns': Tillerson

Image
AFP Danang (Vietnam)
Last Updated : Nov 10 2017 | 1:28 PM IST
Saudi Arabia's mass purge of elites accused of graft "raises a few concerns", US Secretary of State Rex Tillerson said today, adding Washington was closely monitoring the Gulf country's unprecedented probe into alleged embezzlement worth USD 100 billion.
Speaking to reporters before landing in the Vietnamese city of Danang, where Tillerson is accompanying President Donald Trump to the APEC summit, Washington's top diplomat said Saudi Arabia's anti-corruption purge was "well intended".
"My own view is that it does, it raises a few concerns until we see more clearly how these particular individuals are dealt with," he said.
Around 200 people are being held for questioning over what Saudi Arabia says is an estimated USD 100 billion embezzlement and corruption scandal, the biggest purge of the kingdom's elite in its modern history.
Crown Prince Mohammed bin Salman is consolidating his power and among the dozens of high-profile figures sacked or arrested were princes, ministers and a billionaire business tycoon.
The purge comes as regional tensions soar, with Saudi Arabia and Iran squabbling over a failed missile attack against Riyadh airport on Saturday, that was claimed by Tehran-backed rebels in Yemen.
A political crisis is also unfolding in Lebanon after prime minister Saad Hariri announced his shock resignation in a speech from Riyadh, citing Iran's "grip" on his country and threats to his life.
Washington is a staunch ally of Saudi Arabia, but there are fears the Crown Prince could be overreaching himself through the graft probe.
"How disruptive it's going to be remains to be seen," Tillerson said, adding he had spoken to his Saudi counterpart Adel al-Jubeir two days ago.
"It's my understanding that they're characterizing these as not really arrests at this point but they're presenting people with evidence of what they think the wrongdoing is to see if there's a willingness to want to make things right," he added.
"So how they choose to deal with it at this point is still a bit unclear but I wouldn't want to read more than what we know at this point.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 10 2017 | 1:28 PM IST

Next Story