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Published on Gold Anti-Trust Action Committee (http://gata.org)

Saudi regime expropriates detainees for their freedom

By cpowell
Created 2017-11-16 17:45

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 [1]



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