Saudi graft settlements may top US$100b
Authorities have agreed to drop charges against 90 suspects after a sweeping anti-corruption drive saw princes and billionaires holed up in Riyadh's Ritz-Carlton hotel in Nov 2017
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Dubai
SAUDI ARABIA is winding down a controversial anti-corruption drive that led to dozens of princes and billionaires being detained at the Ritz-Carlton hotel in Riyadh.
Talks with suspects are expected to end this month and authorities will likely recover more than US$100 billion in settlements, a senior government official said, asking not to be identified because the details are private. Those who don't reach deals will be referred to prosecutors, the official said.
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