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Title : Saudi Anti-Corruption Probe Believes '$100bn Was Embezzled'
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Saudi Anti-Corruption Probe Believes '$100bn Was Embezzled'

L.A. Times: Saudi Arabia says anti-corruption sweep has snared more than 200

Saudi Arabia officials say more than 200 people have been summoned for questioning as part of a burgeoning investigation encompassing up to $100 billion in corruption-related wrongdoing.

A statement issued Thursday by the kingdom’s attorney general, Saud Mojeb, said a total of 208 individuals had been called in for questioning, with all but seven of them placed in detention.

Those caught up in an unprecedented crackdown that began in earnest over the past weekend include tycoons, VIPs and some members of the Saudi royal family.

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WNU Editor: The Saudi investigations are just beginning. I will not be surprised if in the coming weeks/months this $100 billion number will be higher.

Update: This is very telling .... Saudi Billionaires Scramble To Move Cash Offshore, Escape Asset Freeze (Zero Hedge).

More News On The Saudi Anti-Corruption Probe

Saudi anti-corruption probe 'finds $100bn was embezzled' -- BBC
Saudi AG reveals corruption close to $100 billion, 7 suspects released without charge -- Arab News
Saudi says 208 questioned in graft probe, at least $100 billion stolen -- Reuters
Saudi Arabia's $100 billion corruption scandal -- CNN
Saudi Arabia faces battle to repatriate assets after corruption crackdown -- Reuters
Saudi graft inquiry spreads beyond borders as UAE examines bank accounts -- Reuters
Billionaire With Deep Investments in Ethiopia Arrested in Saudi Anti-corruption Sweep -- VOA
Saudi Corruption Crackdown Topples Oil Kingpins -- Oil Price.com

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