Saudi Arabia faces battle to repatriate assets after corruption crackdown


  • World
  • Thursday, 09 Nov 2017

Ibrahim Abdulaziz Al-Assaf (2nd L), then Saudi Arabia's Finance Minister, and Bakr bin Laden (2nd R), Chairman of Saudi Binladin Group, visit a construction project in Medina, Saudi Arabia July 23, 2014. Picture taken July 23, 2014. Saudi Press Agency/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. NO RESALES. NO ARCHIVE.

DUBAI/ZURICH (Reuters) - Saudi Arabia has announced it will confiscate money and assets held by dozens of top officials and businessmen detained in an anti-corruption crackdown.

But the experiences of two other Arab states trying to recover stolen money, Egypt and Tunisia, suggest Riyadh may face years of legal and diplomatic battles to secure assets held abroad. Even then success is not guaranteed.

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