Saudi has completed main wave of arrests in anti-graft purge, says minister

Dozens of princes, officials and businessmen were detained last month, about 200 people questioned, and over 2,000 bank accounts frozen in the purge

Saudi Arabia has completed the main wave of arrests in its sweeping crackdown on corruption and is preparing to channel billions of dollars of seized funds into economic development projects, a Saudi minister said on Monday.

"As far as I know, this is the case," Minister of Commerce and Investment Majid bin Abdullah al-Qasabi told Reuters when asked whether authorities had finished taking large numbers of top officials and businessmen into custody.

"Now the government will not keep its mouth shut when it sees a corrupt case. So definitely it will act. But this is — in terms of its magnitude, in