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[ltr]Saudi Arabia freezes trading accounts of detained princes[/ltr]
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RIYADH, April 15 (Reuters) - Saudi Arabia froze the trading accounts of people detained or interrogated as part of an anti-corruption campaign in the kingdom, according to sources familiar with the matter.
The Saudi Arabian Capital Market Authority has demanded the suspension of the accounts of dozens of princes, wealthy businessmen and officials, making them unable to buy or sell shares in the trading market, according to sources who asked not to be identified, Bloomberg reported in a report.
Last week, the kingdom announced that the Saudi Arabian Monetary Agency (SAMA) or the Saudi Central Bank had frozen the bank accounts of the individuals being investigated, not the accounts of the companies they own or manage.
Bloomberg quoted well-informed sources as saying that Saudi businessmen are trying to move assets out of the region to avoid the risk of falling into the anti-corruption campaign. Some are also in talks with banks to move money out of the country. The agency said the market spokesman "trading" declined to comment.
The US Central Bank of the United Arab Emirates (UAE) asked financial institutions to provide information on the accounts of 19 Saudi nationals, the US agency said.
The Bank also requested that it be informed of any accounts, deposits, investments, financial instruments, credit facilities, deposit funds or remittances associated with such persons.
According to the US agency, the recent anti-corruption campaign in the Kingdom, which included Prince Alwaleed bin Talal, one of the world's richest businessmen, pushed sales in the GCC, resulting in the loss of nearly $ 19 billion from the region's stock markets during Five days.
Gulf private individuals and institutions sold $ 206 million worth of shares last week, the highest since October 2015. It ended
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