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Trading accounts frozen in ongoing Saudi round-up
[Al Jazeera] Trading accounts of Saudis accused of corruption have been frozen, according to a news report, as fears grow among the kingdom's wealthy that offshore bank accounts could also be locked.Dozens of trading accounts were blocked at the request of the Capital Market Authority, the Saudi government's financial regulatory body, Bloomberg News reported on Thursday citing three anonymous sources with knowledge of the situation. The move follows the crackdown that began on November 4 by Crown Prince Mohammed bin Salman who has locked away Yez got nuttin' on me, coppers! Nuttin'! more than 200 Saudi elite - including 11 princes and prominent corporate leaders - who are accused of corruption. The Bloomberg report comes after many private bank accounts of those held were recently seized in Soddy Arabia ...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face... . Observers say it is just a matter of time before overseas accounts are also targeted. Posted by: Fred 2017-11-17 |
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