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Saudi Collected More than 50 Billion Riyals in 2018 from Ritz Settlements

2018-12-19 - 7:47 p

Bahrain Mirror- Reuters: Saudi Arabian government collected more than 50 billion riyal ($13.33 billion) so far this year from settlements reached with detainees in a crackdown on corruption launched at the end of last year, said Finance Minister Mohammed al-Jadaan on Tuesday.

Scores of top officials and businessmen were detained in Riyadh's Ritz-Carlton Hotel in a purge, which began in November 2017. Investigators said earlier this year they aimed to seize some $100 billion overall.

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