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Wednesday 3 January 2018 - 08:42

Saudi minister resumes work after detention in corruption probe

Story Code : 694426
This photo released by the Twitter account of the official Saudi Press Agency shows Ibrahim Assaf (M), a minister of state and ex-finance minister, attending a cabinet meeting on January 3, 2018.
This photo released by the Twitter account of the official Saudi Press Agency shows Ibrahim Assaf (M), a minister of state and ex-finance minister, attending a cabinet meeting on January 3, 2018.
On Tuesday, the Twitter account of the official Saudi Press Agency posted pictures of Saudi King Salman, Crown Prince Mohammed bin Salman and the minister, Ibrahim Assaf, at the meeting.
 
Assaf is a minister of state, ex-finance minister and a board member of the kingdom’s oil giant Aramco. He was among over 200 Saudi princes, ministers and business elite who were detained in November. They have been reportedly held at Ritz-Carlton hotel in Riyadh, turning it into a luxury prison as part of the purported anti-corruption probe.
 
According to Saudi newspaper Sabq, which is close to the government, Assaf “resumed work” after being “recently proven innocent and leaving the Ritz-Carlton.”
 
He stood accused of exploiting his office to buy lands as embezzlement in connection with a project to expand Mecca’s Grand Mosque, Reuters quoted a Saudi official as saying.
 
Many of the detainees have been released so far after forking out exorbitant sums.
 
The most powerful son of the former Saudi king, Prince Miteb bin Abdullah, bought his freedom for $1 billion.
 
The crackdown in Saudi Arabia is widely believed to be aimed at consolidating the crown prince’s grip on power; but it is also speculated that the kingdom is seeking to rejuvenate its economy — hit hard by the fall in oil prices and a costly and protracted war on Yemen — by extorting money from the detainees.
 
Bin Salman who has attempted to portray the whole process as an “anti-corruption fight,” has meanwhile been splurging money abroad himself.
 
Last month, it was reported that bin Salman had used a “proxy” to buy Leonardo da Vinci’s painting, the Salvator Mundi, at a record price of $450 million at an auction, and a yacht for $500 million.
 
Also in December, an investigation by The New York Times named Salman as the owner of the Chateau Louis XIV, a mansion outside Paris, which had been sold to him for more than 300 million dollars back in 2015.
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