Saudi on major anti-corruption drive; suspects held

By Angel Chan

Freezes individual accounts of suspects

RIYADH 10 November 2017: The Saudi Arabian Monetary Agency has announced the freezing of the accounts of suspects detained as part of an anti-corruption probe in the country.

The agency explained that the bank accounts frozen were personal accounts of suspects and do not include accounts of companies they own.

A statement from the agency said that banks were informed that any previous suspensions of company or institution accounts owned by the suspects have been lifted, and that there are no restrictions on money transfers through proper banking channels.