What is the price of freedom in Saudi Arabia? Apparently, $1 billion


November 29 , 2017 – Fort Russ News – 

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KtovKurse – translated by Inessa Sinchougova

Prince Mitab bin Abdullah, one of the detainees in the anti-corruption campaign in Saudi Arabia, was released after concluding a settlement deal, within which he paid more than $ 1 billion.

Prince Miteb (son of the late King of Saudi Arabia Abdullah ibn Abdul-Aziz al-Saud) before the beginning of this month led the powerful National Guard.

He was released on Tuesday, at least three other suspects also made settlement deals.

The Prosecutor General decided to release several people and begin prosecution of at least five others. The prosecutor has full authority over the investigation, including whether to accept or reject the settlement proposal and whether to bring the suspects to trial.

The release of Prince Miteb less than a month after his arrest shows the speed with which Saudi Arabia wants to resolve its corruption investigation.

‘Cleansing’ of the elites shocked the Kingdom. Analysts, bankers and diplomats around the world assess the impact of the anti-corruption campaign in Saudi Arabia, which is the world’s largest oil exporter.

Crown Prince of Saudi Arabia, Mohammed bin Salman, told the New York Times last week that 95% of those detained in the anti-corruption campaign agreed to a pre-trial settlement.

“About 1%,” he added, “can probably prove that they are clean. About 4% say they are not engaged in corruption and want to go to court with their lawyers. “

According to the Prosecutor General, the government can receive about $ 100 billion through settlement agreements.

Some arrested businessmen and officials held at the Ritz-Carlton Hotel signed agreements with the authorities to transfer part of their assets in order to avoid litigation and began transferring money from personal accounts to government-controlled accounts.

“Most of the arrested princes will certainly try to pay for freedom,” said Raikhan Ismail of the Center for Arab and Islamic Studies at the Australian National University in Canberra. – This process lacks accountability and integrity. I doubt that the details of the charges will ever be made public, especially if agreements are reached. “

King Salman sacked Prince Miteb shortly before midnight on November 4 and announced the creation of a commission to combat corruption, led by the Crown Prince.

The arrest of Prince Miteb has intensified the speculation that the arrests were more connected with the strengthening of the power of the Crown Prince. Mohammed bin Salman, in an interview with The New York Times, called these assumptions “ludicrous.”

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