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Saudi Arabia ends major anti-corruption campaign

  The Ritz-Carlton in Riyadh on February 11

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Princes and other senior figures were detained last year at the Ritz-Carlton Hotel in Riyadh

Saudi Arabia says it ended its anti-corruption campaign in 201

7, which has rounded up hundreds of princes, tycoons and business leaders.

Fortune of over $ 100 billion (including real estate and cash) – has been regained by the state, say officials in the Gulf.

They say that settlements were reached with 87 people who had the charges against them.

Eight other people refused and were referred to the prosecutor.

A further 56 cases were not resolved due to the criminal complaint still to be resolved.

The crackdown was launched by Crown Prince Mohammed bin Salman in November 2017.

More than 200 princes, ministers and business representatives Many of them in hotels in the capital Riyadh, including the five-star Ritz-Carlton Hotel.

The cleansing of Saudi Arabia's elite was a major shock to the system, says BBC editor Sebastian Usher

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AFP / Getty Images


The blitz was fired by Crown Prince Mohammed Salman was launched

The campaign has also unsettled some foreign investors.

The Crown Prince must now hope that pulling a line under the purge will convince investors that it is safe to invest money in Saudi Arabia, our publisher says.

Mohammed bin Salman has also been under pressure since the murder of journalist Jamal Khashoggi on October 2, 2018 at the Saudi Arabian Consulate in Istanbul, Turkey.

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