“If it is established that land or property was stolen from the government they will be returned under public ownership. Possession rights in each case have to be proved by documents,” Muhammed Shams, an economic consultant and former adviser to the Saudi industrial minister, told Sputnik Arabic.
Shams underscored that each defendant has the right to be assisted by an attorney and can also use all legal opportunities to defend themselves.
“Those arrests were not accidental. They had been prepared by an investigation. King Salman just made it clear,” he said.
Over 40 members of the Royal family, including billionaire Prince Alwaleed bin Talal, ministers, military officials and businessmen, were arrested in Saudi Arabia on Sunday by decree of the kingdom’s newly-established anti-corruption committee headed by Crown Prince Mohammed bin Salman.
READ MORE: Saudi Anti-Graft Campaign a Cover For Political Power Games — Politician
Shams said that the anti-corruption investigation in Saudi Arabia was launched a month ago. Numerous suspects had been questioned until the first facts of corruption, bribery and money laundering were established.
“Crown Prince Prince Mohammed bin Salman has repeatedly mentioned the investigation in media and vowed to wipe out corruption at all levels, despite the social status and background of those involved,” Shams added.
On Wednesday, Reuters reported citing sources familiar with the situation that Saudi Arabian authorities have made additional arrests as part of the anti-corruption campaign. Some suspects were detained while others are being telephoned by investigators about their finances.
Banking sources also said that the number of domestic bank accounts frozen as a result of the crackdown has already reached over 1,700.
Oil Price Expected to Remain Steady Despite Shock Arrests in Saudi Arabia
© AFP 2017/ FAYEZ NURELDINE
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The market for oil, Saudi Arabia’s most lucrative export, is unlikely to be affected by the arrest of dozens of former Saudi state officials and at least 11 Saudi princes in an anti-corruption drive, financial analysts have said.
On Sunday, it was reported that 11 Saudi princes, four incumbent ministers of the Saudi government and dozens of former government ministers had been arrested in an anti-corruption drive.
Reportedly among those arrested is prominent billionaire Prince Alwaleed bin Talal, owner of the Kingdom Holding Company which has large stakes in businesses and property around the world including Citigroup, Twitter and several luxury hotel chains.
The arrests took place just hours after Saudi ruler King Salman decreed the creation of a powerful new anticorruption committee led by his son and heir, Crown Prince Mohammed bin Salman. King Salman also fired several high-profile ministers.
The new agency will “preserve public money, punish corrupt people and those who exploit their positions,” the Saudi Press Agency said.
© AFP 2017/ Amer HILABI
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