Saudi crown prince Mohammed bin Salman is spearheading the country's economic reforms. Fayez Nureldine / AFP Photo
Saudi crown prince Mohammed bin Salman is spearheading the country's economic reforms. Fayez Nureldine / AFP Photo
Saudi crown prince Mohammed bin Salman is spearheading the country's economic reforms. Fayez Nureldine / AFP Photo
Saudi crown prince Mohammed bin Salman is spearheading the country's economic reforms. Fayez Nureldine / AFP Photo

Saudi says it releases seven detained in corruption enquiry


  • English
  • Arabic

Saudi Arabia has released seven of the 208 high-ranking royals, officials and businessmen accused of corruption on the direction of the attorney general in co-ordination with the newly-established commission against corruption.

Sheikh Saud Al Moaajeb, attorney general and member of the Supreme Committee for Combating Corruption, said the released had been discharged on the grounds of lack of evidence of wrongdoing. The proceedings of the body are progressing rapidly to ensure all those involved are dealt with fairly.

“The number of persons arrested was 208, while seven were released, for lack of sufficient evidence,” Sheikh Saud said. “Given the magnitude of these charges, under the Royal Order of 4 November, there is a clear legal mandate to move to the next stage of investigations with the suspects.

_______________

Read more:

_______________

“There is a great deal of speculation around the world about the identities of the individuals concerned and the details of the charges against them,” he added. “However, we will not disclose any details at this time, to ensure that they enjoy the full legal rights granted to them by the Kingdom, and ask to respect their privacy while undergoing judicial proceedings.”

Normal commercial activity in the Kingdom will not be impacted by the investigations and detentions. Corporations continued to conduct normal business. “Only personal bank accounts were frozen, and companies and banks have the freedom to continue transactions and transfers as usual, something that the official authorities in the Kingdom had pointed out and reiterated,” he said.

Sheikh Saud indicated that Riyadh expected to recover large sums from the crackdown on the individuals involved. “The financial value of these decades-long practices amounts to very large amount of misappropriated and unutilised public funds, and the potential value of these amounts may exceed $100 billion, according to initial investigations,” he said.

Charges are expected to emerge quickly from the investigative process. Three years of groundwork has already gone into the inquiry.

“The Governor of the Saudi Arabian Monetary Agency (SAMA) has accepted my request to freeze their personal assets in this investigation,” he said. “This action confirms the findings of our preliminary investigation over the past three years on the scale of these corrupt and large practices.”

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

ELIO

Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett

Directors: Madeline Sharafian, Domee Shi, Adrian Molina

Rating: 4/5

TCL INFO

Teams:
Punjabi Legends 
Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan

Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
When December 14-17

What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

UAE currency: the story behind the money in your pockets
The%20specs
%3Cp%3E%3Cstrong%3EPowertrain%3A%20%3C%2Fstrong%3ESingle%20electric%20motor%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E201hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E310Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E53kWh%20lithium-ion%20battery%20pack%20(GS%20base%20model)%3B%2070kWh%20battery%20pack%20(GF)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E350km%20(GS)%3B%20480km%20(GF)%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C900%20(GS)%3B%20Dh149%2C000%20(GF)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
The biog

DOB: 25/12/92
Marital status: Single
Education: Post-graduate diploma in UAE Diplomacy and External Affairs at the Emirates Diplomatic Academy in Abu Dhabi
Hobbies: I love fencing, I used to fence at the MK Fencing Academy but I want to start again. I also love reading and writing
Lifelong goal: My dream is to be a state minister

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

UAE currency: the story behind the money in your pockets
UAE SQUAD

Khalid Essa, Ali Khaseif, Fahad Al Dhanhani, Adel Al Hosani, Bandar Al Ahbabi, Mohammad Barghash, Salem Rashid, Khalifa Al Hammadi, Shaheen Abdulrahman, Hassan Al Mahrami, Walid Abbas, Mahmoud Khamis, Yousef Jaber, Majed Sorour, Majed Hassan, Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Khalil Al Hammadi, Fabio De Lima, Khalfan Mubarak, Tahnoon Al Zaabi, Ali Saleh, Caio Canedo, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri

Rocketman

Director: Dexter Fletcher

Starring: Taron Egerton, Richard Madden, Jamie Bell

Rating: 3 out of 5 stars