‘Detained Saudi princes, tycoons agree to cash settlements’
The majority of high-profile figures recently detained in Saudi Arabia’s mass purge of royals and businessmen have agreed to monetary settlements in exchange for their freedom, the Saudi attorney general says.
Sheikh Saud al-Mojeb said in a Tuesday statement that most of the 159 Saudi figures detained at Riyadh’s Ritz-Carlton hotel have agreed to a “settlement” or reimbursement of allegedly ill-gotten gains to the Saudi state treasury.
“The necessary arrangements are being finalized to conclude such agreements,” statement noted.
The attorney general also said the bank accounts of 376 individuals detained over corruption allegations have been frozen.
Mojeb had previously estimated that at least $100 billion had been misused by the suspects through systematic graft and embezzlement over several decades.
Last week, Saudi Prince Miteb bin Abdullah, a son of the former Saudi king, was freed after reaching a $1-billion “acceptable settlement agreement” with the kingdom’s authorities.
Saudi Prince Miteb bin Abdullah freed after reaching a $1-billion agreement with the Kingdom’s authorities.
On November 4, dozens of Saudi princes, ministers, and former ministers were detained on the orders of Saudi Arabia’s so-called Anti-Corruption Committee headed by Crown Prince Mohammed bin Salman.
Former spy chief Prince Bandar bin Sultan as well as billionaire Prince Al-Waleed bin Talal are among the notable businessmen and royals incarcerated in the biggest purge of the country’s elite in the kingdom’s modern history.
The kingdom also blocked the assets of the crown prince’s cousin, Mohammed bin Nayef, who reportedly continues to be under house arrest.
Nayef was the crown prince until June when he was ousted by King Salman and replaced by his son.
The detained individuals are facing allegations of money laundering, bribery, extorting officials, and misappropriation of public funds for personal benefits.
The crackdown is believed to be a self-promotion campaign launched by the crown prince aimed at consolidating his power.
On November 22, DailyMail.com cited a Saudi source as saying that Saudi Arabia was using US mercenaries to torture the detained Saudi elites. The source noted that Mohammed Bin Salman himself conducted some of the interrogations.
According to another report by the New York Times, Habib el-Adly, Egypt’s former security chief during the Mubarak-era, notorious for his track record of brutality and use of torture, was serving as an advisor to Mohammed bin Salman during the mass purge.
Informed sources say the number of the arrestees actually stood at more than 500, and that twice that number had been questioned.
The purge followed an earlier roundup of Muslim clerics, writers, economists, and public figures.
Saudi Arabia’s ailing 81-year-old King Salman has been reportedly suffering from partial dementia and is said to be contemplating an abdication in favor of his son.