Saudi's Net $106B in Settlements

Saudi's Net $106B in Settlements

DUBAI, United Arab Emirates (AP) -- Saudi Arabia says a wide-reaching anti-corruption campaign has netted more than $106 billion in financial settlements with 65 people who remain in custody.

Saudi Attorney General Saud al-Mojeb said on Tuesday that the settlements reached include seizure of real estate assets, commercial entities, securities and cash. His statement didn't disclose further details on the types of businesses or real estate that was acquired.

The attorney general says the remaining 65 still in custody have not reached a financial settlement "due to other pending criminal cases, or in order to continue the investigation process."

Among those released over the weekend was billionaire Saudi Prince Alwaleed bin Talal, who was among at least 11 princes and dozens of businessmen and officials detained in the sweep that began on Nov. 4.

(KA)