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Forbes keeps Saudis off billionaires list after corruption purge

Reuters  |  RIYADH 

RIYADH (Reuters) - Forbes magazine said on Thursday it was excluding all Saudi Arabian tycoons from its annual list of the world's richest people after dozens of top businessmen from the oil-rich kingdom were detained in a crackdown on corruption last year.Most detainees were released after reaching settlements with the authorities, who say they arranged to seize more than $100 billion in assets through such deals. But the government has provided few details about who was netted in the sweep, what they were accused of and how much they gave up.Forbes said earlier in the week that it was ...

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First Published: Thu, March 08 2018. 16:12 IST