DUBAI, United Arab Emirates — A wide-reaching anti-corruption campaign shrouded in secrecy and intrigue has netted more than $106 billion in financial settlements with 56 people remaining in custody, Saudi Arabia said on Tuesday.
Saudi Attorney General Saud al-Mojeb said the settlements reached include seizure of real estate assets, commercial entities, securities and cash.
The statement did not disclose further details on the types of businesses or real estate that was acquired.
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He had been detained for more than 80 days at the luxurious Ritz-Carlton hotel in Riyadh, where dozens of high-profile figures were held, questioned and pressured into forfeiting significant financial assets in exchange for their release. It was not immediately known what kind of settlement Prince Alwaleed had agreed to.
Prince Alwaleed was among at least 11 princes and dozens of businessmen and officials detained in the unprecedented sweep.
Critics say the crown prince has used the purge against high-level individuals to wrangle control of key Saudi companies, sideline potential rivals and silence critics alarmed by his rapid rise to power as he prepares to inherit the throne from his father, King Salman.
The attorney general said the remaining 56 individuals still in custody have not reached a financial settlement "due to other pending criminal cases, or in order to continue the investigation process." Those still held could now face prosecution and prison time, the government has previously warned.
In the statement released by the government, authorities appeared to be trying to assuage foreign investors, saying the review of case files of those accused of corruption "has been completed."
Despite repeated statements that the purge is nearly over, investors remain concerned about doing business in Saudi Arabia, where key business partners and firms could still be targeted. The government has also not officially released the names of individuals detained nor disclosed the specific allegations against them, leading to concerns of transparency and accountability.