Saudi Arabia may receive up to $100 billion in settlements from detained princes and officials accused of corruption and looking to avoid serious jail time.
Citing an unnamed senior government official, Bloomberg News reported Monday that talks between authorities and suspects were expected to end this month and revealed the massive sum, which was just short of the entire Gross Domestic Product reported by neighboring oil-rich monarchy Kuwait in 2016.
Saudi Arabia has kept quiet about ongoing negotiations following November's massive anti-corruption purge, but Attorney General Sheikh Saud al-Mojeb confirmed that 90 suspects had already been released and the roughly 95 remaining in their Ritz-Carlton luxury prison could still buy their way out before criminal charges were rolled out.
"The royal order was clear," Mojeb said Sunday, according to Bloomberg News. "Those who express remorse and agree to settle will have any criminal proceedings against them dropped."Read More...
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