Thursday 21 June 2018

Saudi 'foils $106bn corrupt land deals'

Riyadh, July 19, 2014

Saudi Arabia's Ministry of Justice has nullified corrupt land dealings worth a massive SR400 billion ($106.6 billion), a report quoting a judge and Shoura Council member said.

The Arab News report said Issa Al-Ghaith revealeded the information on his Twitter account.

"The Riyadh Appeals Court has nullified corrupt land trading of millions of square metres worth SR400 billion ($106.6 billion) at current valuations," Al-Ghaith wrote in the account, according to the report.

However, he did not provide details of the said transactions.

Anti-graft organizations have recently intensified their crackdown on corrupt land deals in the kingdom, the report said.

Tags: Saudi | Land deals | corrupt |

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