Saudi Arabia freezes more accounts in anti-graft crackdown

The number of domestic bank accounts frozen as a result of the purge is over 1,700, banking sources said. (File photo: AP)

Saudi Arabian authorities have made further arrests and frozen more bank accounts in an expanding anti-corruption crackdown on the kingdom’s political and business elite, sources familiar with the matter said on Wednesday


Dozens of officials and business executives have already been held in the crackdown announced on Saturday. They face allegations of money laundering, bribery, extortion and exploiting public office for personal gain.

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But the sources, speaking on Wednesday, said a number of other individuals suspected of wrongdoing were detained in an expansion of the crackdown.

Others under scrutiny are being telephoned by investigators about their finances but appear to remain at liberty, one of the sources said, adding that the number of people targeted by the crackdown was expected eventually to rise into the hundreds.

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Last Update: Wednesday, 20 May 2020 KSA 09:55 - GMT 06:55
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