Saudi anti-corruption authorities freeze bank accounts of Prince Mohammed bin Nayef

Saudi anti-corruption authorities freeze bank accounts of Prince Mohammed bin Nayef
    Saudi anti-corruption authorities freeze bank accounts of Prince Mohammed bin Nayef
    Saudi authorities have launched new arrests in the framework of an anti-corruption campaign that affected the political elite and symbols of the business world in the Kingdom.

    Authorities are already holding dozens of members of the royal family, officials and businessmen in the purge campaign announced on Saturday. The detainees face charges including money laundering, bribery, extortion and the use of influence to achieve personal interests.

    But sources said on Wednesday that a number of other suspected perpetrators had been detained as the campaign continued.

    The sources added that a number of those arrested were the latest arrests, including people linked to the family of Crown Prince and the late Defense Minister Prince Sultan bin Abdul Aziz, who died in 2011. One source said that the arrest campaign also included other managers and officials of lower levels.

    US President Donald Trump said the detainees in the campaign had been "draining their country for years" and Saudi Crown Prince Mohammed bin Salman and the central bank of the kingdom on Tuesday evening sought to calm the fears associated with the campaign. Investigate.

    They said that while individuals were being targeted and their bank accounts frozen, the work of national and multinational companies, including those wholly or partly owned by individuals under investigation, would not be disrupted.

    The sources added that the anti-corruption authorities also froze the bank accounts of Prince Mohammed bin Nayef, one of the highest-ranking members of the ruling al-Saud family and the accounts of several of his close family. Prince Mohammed bin Nayef was relieved of the crown prince in June when King Salman replaced him with his son Mohammed bin Salman, who was then Crown Prince and now in charge of the anti-corruption campaign.

    On Tuesday, he witnessed the first public appearance of Prince Mohammed bin Nayef since his removal at the funeral of Prince Mansour bin Muqrin, deputy governor of Asir region, who died in a helicopter crash on Sunday. The cause of the accident has not yet been announced.

    Among the businessmen arrested in the investigation to date is billionaire Prince Alwaleed bin Talal, President of Kingdom Holding Investment Company, Nasser bin Aqil Al Tayyar, founder of Al Tayyar Travel Group, and Amr Al Dabbagh, Chairman of the Red Sea International Company which is engaged in construction.
    Wael Elyamani
    @Posted by
    writer and blogger, founder of CTV Egypt News .

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