Guilt, fines remain hazy as Saudi corruption purge draws to close

Guilt, fines remain hazy as Saudi corruption purge draws to closeBy Stephen Kalin and Reem Shamseddine RIYADH (Reuters) – Saudi Arabian media magnate Waleed al-Ibrahim was found innocent in an anti-corruption purge, a source at his company said on Monday, part of a wider campaign against graft whose secrecy could hurt the country’s effort to win foreign investment. Ibrahim, who controls influential regional broadcaster MBC, was one of at least half a dozen top businessmen freed from more than two months of detention at the weekend after being interrogated by officials who said they aimed to recover $ 100 billion of illicit funds. The officials said all of the men, who included billionaire global investor Prince Alwaleed bin Talal, had agreed to financial settlements after admitting to unspecified “violations”.



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