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Saudi Arabia launches ‘Second Crackdown’

Saudi Arabia launches ‘Second Crackdown’

One similar to the Ritz-Carlton 2017 campaign, sources on Twitter have published documents showing the Saudi Authorities have launched a second crackdown on Saudi Princes including other influential personalities.

The twitter account called ‘An Old Diplomat’ has published several documents showing the authorities have frozen property assets of several princes and business people, MEM reports.

The Twitter handle stated the Saudi Crown Prince Mohammad bin Salman has seized vast lands owned by Sheikh Ajlan Al-Ajlan north of Riyadh after preventing the sale or disposal of the lands.

In another tweet, the account added the management and sale of the company assets owned by Hamad bin Saedan, north of Riyadh, have also been frozen addition to other real estate assets of of Riyad Al-Mustaqbal Real Estate, Abdulrahman Al-Sheikh and Mohammed Al-Eidan.

The Saudi real market is expected to fall by 50 percent or even more as what happened with the stock market in 2006 predicted the account.

Olaya Real Estate Company, Younis Mohammed Al-Awad, Ibrahim bin Saedan and Ibrahim Al-Harabi, in addition to Prince Badr bin Abdulaziz, brother of King Salman,  Moussa and Adil Al Mousa and Saleh Shuqair, all real estate accounts have been frozen added the report.

Crown Prince Salman had launched a sweeping campaign against the royal families, influential families, ministers, under the banner of an “Anti-Corruption Campaign” back in November 2017.

Later, Saudi Attorney General Saoud bin Abdullah Al-Moajab indicated that the government had succeeded in raising more than $100 billion through financial settlements with businesspeople and officials summoned as part of anti-corruption investigations.

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