Report: Saudi ‘Corruption Probe’ Expected to Top $100 Billion in Settlements

Saudi authorities are on track to pull in more than $100 billion from the dozens of princes and ministers it has detained since early November, Bloomberg News reports, citing a senior official. About 95 suspects remain at the Ritz-Carlton in Riyadh, a glitzy hotel that has acted as a makeshift prison since the prominent Saudi royals, businessmen, and ministers were detained on suspicion of corruption. The detentions were part of a purported anti-corruption sting ordered by Crown Prince Mohammed bin Salman, who some believe is using the measures to consolidate control. An official cited by Bloomberg on Sunday said the government is hoping to conclude talks with suspects by the end of the month, while those who don’t reach deals for a settlement will be turned over to prosecutors. Attorney General Sheikh Saud Al Mojeb said authorities have released and agreed to drop charges against about 90 suspects, according to the report.