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Saudi regime expropriates detainees for their freedom
Saudi Authorities Offer Freedom Deals to Princes and Businessmen
By Simeon Kerr
Financial Times, London
Thursday, November 16, 2017
Saudi authorities are negotiating settlements with princes and businessmen held over allegations of corruption, offering deals for the detainees to pay for their freedom, say people briefed on the discussions.
In some cases the government is seeking to appropriate as much as 70 percent of suspects' wealth, two of the people said, in a bid to channel hundreds of billions of dollars into depleted state coffers.
The arrangements, which have already seen some assets and funds handed over to the state, provide an insight into the strategy behind Crown Prince Mohammed bin Salman's dramatic corruption purge. ...
... For the remainder of the report:
https://www.ft.com/content/e888a676-caa9-11e7-ab18-7a9fb7d6163e
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