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Saudi authorities net $106 bn in corruption settlements: Attorney general

The huge sum would be a major financial boost for the government, which has seen its finances strained by low oil prices. The state budget deficit this year is project

Reuters  |  RIYADH 

Saudi Arabia's government has arranged to seize over $100 billion in financial settlements with businessmen and officials detained in its crackdown on corruption, the attorney general said on Tuesday. "The estimated value of settlements currently stands at more than 400 billion riyals ($106 billion) represented in various types of assets, including real estate, commercial entities, securities, cash and other assets," Sheikh Saud Al Mojeb said in a statement. The huge sum, if it is successfully recovered, would be a major financial boost for the government, which has ...

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First Published: Tue, January 30 2018. 20:02 IST
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