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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    "The spoils of the war of corruption in Saudi Arabia disappointed hopes

    Rocky
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    • Post n°1

    "The spoils of the war of corruption in Saudi Arabia disappointed hopes Empty "The spoils of the war of corruption in Saudi Arabia disappointed hopes

    Post by Rocky Tue 13 Feb 2018, 2:31 am

    "The spoils of the war of corruption in Saudi Arabia disappointed hopes Gh-660x330

    "The spoils of the war of corruption in Saudi Arabia disappointed hopes

    LONDON (Reuters) - Saudi Arabia hopes to raise $ 13 billion by the end of this year from crackdowns on corruption, the Financial Times said.
    The paper said that with the completion of the settlement process with the majority of detainees from princes and businessmen, as part of the campaign against corruption, will be collected by the end of this year.
    But official figures announced by Saudi Attorney-General Saud, the admirer, at the end of last month, were much larger than the estimates of the British newspaper.
    The "admirer" in a press statement that the value of the settlements with the detainees on corruption charges, "has so far exceeded 400 billion riyals (106.7 billion dollars)."
    He added that the settlements included real estate, commercial entities, securities and cash; and that "a total of 381 people were called in, while 56 people are still being held in the framework of corruption investigations."
    According to the British newspaper, the confiscated assets are supervised by a group of government officials and stock specialists, who were appointed to manage assets.
    In a precedent not seen in the history of Saudi Arabia, on November 4, 2017, authorities arrested dozens of people, including 11 emir, four former ministers and dozens of former businessmen, on charges of corruption and held them at the Ritz-Carlton before releasing them.
    Saudi Arabia, the world's largest oil exporter, is currently suffering from a sharp decline in its fiscal revenues resulting from a decline in crude oil prices than in 2014, prompting it to announce in 2016 an economic plan to diversify its economy.
    The Ritz-Carlton Hotel in the Saudi capital of Riyadh, reopened on Monday, opened its doors to its guests, more than three months after closing and turning it into a detention center.



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