By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Gov’t committed to safeguarding Ghana’s peace through inclusive governance – Upper East Minister
    July 29, 2026
    AngloGold Ashanti Iduapriem commissions $750,000 AI and Smart Systems Centre at UMaT
    July 29, 2026
    Heath Goldfields donates three transformers to Prestea-Huni Valley Constituency to improve power supply
    July 29, 2026
    Restoration efforts ongoing to fully bring power supply to all areas after system disturbance – Energy Ministry assures
    July 29, 2026
    Akrobeto, Deputy Transport Minister partner to boost road safety awareness in Ghana
    July 29, 2026
  • Business
    BusinessShow More
    AngloGold Ashanti Iduapriem commissions $750,000 AI and Smart Systems Centre at UMaT
    July 29, 2026
    Heath Goldfields donates three transformers to Prestea-Huni Valley Constituency to improve power supply
    July 29, 2026
    Restoration efforts ongoing to fully bring power supply to all areas after system disturbance – Energy Ministry assures
    July 29, 2026
    There will be more demonstrations if VALCO remains under GIADEC – VALCO Board Chairman
    July 28, 2026
    GIADEC dismisses claims of VALCO sale
    GIADEC denies claims VALCO is being sold to Ibrahim Mahama
    July 27, 2026
  • Politics
    PoliticsShow More
    Gov’t committed to safeguarding Ghana’s peace through inclusive governance – Upper East Minister
    July 29, 2026
    Archbishop of Canterbury pays courtesy call on President Mahama
    July 28, 2026
    Parliament passes Tribunals Bill 2026 after contentious debate
    July 17, 2026
    GH¢11bn for Accra-Kumasi Expressway not paid to contractors yet – CAGD dismisses claims
    July 16, 2026
    AG withdraws application to revoke ex-NAFCO boss’s travel permission after order lapses
    July 16, 2026
  • Entertainment
    EntertainmentShow More
    History made as 77: The Festac Conspiracy premieres to sold-out crowd in Zambia
    July 20, 2026
    X Lor opens new chapter as debut EP Tornado arrives on streaming platforms
    July 10, 2026
    Samsung Ghana powers culture and creativity at 2026 UG All Dance Carnival
    July 1, 2026
    Ghana Music Awards USA, WatsUp TV partner to amplify Ghanaian music on the global stage
    June 25, 2026
    WatsUp On Campus: Stonebwoy rocks UniMAC-IJ’s first-ever artiste night
    June 16, 2026
  • Sports
    SportsShow More
    Black Stars
    Ghana at 2026 World Cup: Black Stars Show Promise but Miss Cutting Edge
    July 27, 2026
    Late Argentine comeback ends England’s dream, sets up World Cup final against Spain
    July 16, 2026
    Ghana gears up to host ITTF-Africa Hopes Week as Africa’s young stars converge in Accra
    July 13, 2026
    GFA denies claims of taking money from players for Black Stars call-ups, threatens legal action
    July 8, 2026
    World Cup eGame competition launched in Accra
    July 8, 2026
  • Technology
    TechnologyShow More
    AngloGold Ashanti Iduapriem commissions $750,000 AI and Smart Systems Centre at UMaT
    July 29, 2026
    Sambus Geospatial MD calls on Ga Mantse ahead of ESRI Conference West Africa 2026
    July 28, 2026
    GIMPA Tech Fair held as Samsung brings ‘Awesome Experience’ to event
    July 1, 2026
    Siniat joins ITALKOL and PIXEL PAINTS portfolio as ITALKOL celebrates a decade of industry impact
    June 23, 2026
    Child Rights International calls for ban on social media use for children under 17 in Ghana
    June 20, 2026
  • International
    InternationalShow More
    Korea commits US$38 million to strengthen Digital STEM education in Ghana
    July 8, 2026
    QNET joins EOCO, INTERPOL regional workshop to strengthen cross-border action against human trafficking and fraud
    July 8, 2026
    High Court dismisses Abu Trica’s emergency application to halt extradition to US
    July 6, 2026
    Ghanaian students abroad to convene global forum on national development
    July 5, 2026
    Alleged romance scam: Lawyers for Abu TRICA file emergency application to halt extradition to US
    July 3, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Saudi anti-corruption drive generates $106bn
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
Editors PickInternational

Saudi anti-corruption drive generates $106bn

Starrfm.com.gh By Starrfm.com.gh Published January 30, 2018
Share
The high-profile figures were detained at Riyadh's Ritz-Carlton Hotel
SHARE

A sweeping anti-corruption drive in Saudi Arabia has generated an estimated $106.7bn (£75.6bn) in settlements, the kingdom’s attorney general has said.

Sheikh Saud al-Mojeb said 56 of the 381 people called in for questioning since 4 November remained in custody.

The others had been cleared or admitted guilt and handed over properties, cash, securities and other assets, he added.

Sheikh Mojeb did not name any of those involved, but they reportedly include princes, ministers and businessmen.

In recent days, the billionaire investor Prince Alwaleed bin Talal and Alwalid al-Ibrahim, owner of the Arab satellite television network MBC, were released from detention at the Ritz-Carlton Hotel in Riyadh’s diplomatic quarter.

Both men insisted they were innocent, but Saudi official sources said they had agreed to financial settlements after admitting unspecified “violations”.

Others known to have been freed include Prince Miteb bin Abdullah, a son of the late King Abdullah who sources said had handed over more than $1bn in assets; and state minister Ibrahim al-Assaf, who was reportedly cleared of any wrongdoing.

Sheikh Mojeb said he had “refused to settle” with the 56 individuals still being detained “due to other pending criminal cases, or in order to continue the investigation process”.

They are believed to have been transferred to prison from the Ritz-Carlton, which will reopen to the public next month.

Last week, Finance Minister Mohammed al-Jadaan said the money recovered through the settlements would be used to fund a $13.3bn programme to help Saudi citizens cope with the rising cost of living.

The anti-corruption drive is being spearheaded by Crown Prince Mohammed bin Salman, the 32-year-old son of King Salman, who has rejected as “ludicrous” analysts’ suggestions that it is a power grab. He said many of those detained had pledged allegiance to him since he became heir apparent in June.

 

Source: BBC

You Might Also Like

Korea commits US$38 million to strengthen Digital STEM education in Ghana

QNET joins EOCO, INTERPOL regional workshop to strengthen cross-border action against human trafficking and fraud

High Court dismisses Abu Trica’s emergency application to halt extradition to US

Ghanaian students abroad to convene global forum on national development

Alleged romance scam: Lawyers for Abu TRICA file emergency application to halt extradition to US

TAGGED:Saudi Arabia
Share This Article
Facebook Twitter Email Print
Share
Previous Article Hugh Masekela is my family – Akufo-Addo
Next Article Photos: Starr Woman Project—Dream Edition team visits New Horizon

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?