Riyadh – Mubasher: The money collected from Saudi Arabia’s anti-corruption crackdown began in November 2017 will go to the Ministry of Finance’s (MoF) treasuries, Saudi Public Investment Fund (PIF) managing director Yasir al-Rumayyan said.
The PIF is not involved in this procedure, Reuters reported, citing Al-Rumayyan as saying.
In November 2017, Saudi King Salman bin Abdulaziz issued a royal decree to form an anti-corruption committee to issue arrest orders for suspected persons.
The Saudi government has frozen bank accounts of royals, ministers and businessmen who were detained in the anti-corruption purge.
The arrested persons included Prince Alwaleed bin Talal, whose investments and firms cover a wide range of sectors across the world.
Bin Talal is the chairman of Kingdom Holding Company (KHC) and has investments in Twitter, Citigroup, and News Corp.
