Turned into a 'prison': The Ritz Carlton in Riyadh was emptied of guests as the round-up of allegedly corrupt ministers and princes got under way
The Guardian: Saudi offer in corruption crackdown: 'cough up the cash and go home'
Government demanding up to 70% of rich detainees’ wealth in return for their freedom, newspaper reports
Authorities in Saudi Arabia are offering businessmen and members of the royal family detained on allegations of corruption an opportunity to pay for their freedom, according to media reports.
Around 200 princes, ministers, senior military officers and wealthy businessmen have been held in five-star hotels across the country since last week, many of them at the opulent Ritz-Carlton in Riyadh.
Quoting “people briefed on the discussions”, the Financial Times reported that the Saudi government was demanding up to 70% of the individuals’ wealth in return for their freedom.
Read more ....
WNU Editor: I remember reading years ago a story that when Rome's emperors needed money, they would round-up and arrest the rich and the aristocracy, and then demand payment for their freedom. Two thousand years later .... the practice continues.
More News On Reports That The Saudi Government Is Demanding Up To 70% Of Rich Detainees’ Wealth In Return For Their Freedom
Saudi authorities offer freedom deals to princes and businessmen -- Financial Times
Saudi Arabia Offers Arrested Royals A Deal: Your Freedom For Lots Of Cash -- Zero Hedge
Saudi Sheikdown: Arrested Royals Offered A Deal - Your Money For Your Freedom -- OilPrice.com
Saudi government demanding billions from detained officials -- Axios
