Vast majority of suspects in graft probe agreeing to settle, crown prince says

The vast majority of about 200 businessmen and officials implicated in a sweeping crackdown on corruption are agreeing to settlements under which they hand over assets to the government, Crown Prince Mohammed bin Salman told the New York Times. “We show them all the files that we have and as soon as they see those about 95 percent agree to a settlement,” which means signing over cash or shares in their companies to the Saudi Treasury, the newspaper quoted Prince Mohammed as saying. About 4 percent say they are not corrupt and with their lawyers want to go to court." Prince Mohammed repeated a previous official estimate that the government could eventually recover around $100 billion of illicit money through settlements.

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