Saudi Arabia's King Salman bin Abdulaziz Al Saud
It was unclear if the judges will have any role in the widening crackdown. Regulators in the United Arab Emirates have asked banks for information about citizens detained in the investigation, a possible prelude to freezing their accounts.
Saudi Arabia has announced it will confiscate assets improperly acquired, and while Riyadh has set no timetable for any such confiscations, banking sources say more than 1,700 domestic bank accounts have already been frozen at the request of the central bank.
Huge amounts of money may be at stake. Corruption has over the years siphoned off $800 billion from Saudi state revenues and bankers believe much of it is held abroad, in countries including Switzerland and Britain.
#Saudi Arabia
6 years ago
