Riyadh negotiating deals with graft suspects to pay for their freedom
▻https://www.ft.com/content/e888a676-caa9-11e7-ab18-7a9fb7d6163e
One multi-billionaire businessman held at the Ritz-Carlton has been told to hand over 70 per cent of his wealth to the state as a punishment for decades of involvement in allegedly corrupt business transactions.
He is inclined to pay, one of his advisers said, but details of the mechanics of returning assets and cash have yet to be hammered out.
The businessmen in custody are being asked to hand over assets. Settlements for royals are likely to also include pledges of loyalty to Prince Mohammed, the adviser added.