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Russian Direct Investment Fund hails Saudi Arabia’s anti-corruption efforts

November 24, 23:50 UTC+3 MOSCOW

Kingdom launched a large-scale anti-corruption investigation in November

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MOSCOW, November 24. /TASS/. The Russian Direct Investment Fund (RDIF), along with other leading global investors, hails Saudi King Salman‘s and Crown Prince Mohammed Bin Salman’s anti-corruption efforts, RDIF CEO Kirill Dmitriev said on Friday.

“Like most international investors RDIF welcomes the recent efforts by the Custodian of the Two Holy Mosques, King Salman of Saudi Arabia and HRH Crown Prince Mohammed Bin Salman to address corruption in the Kingdom. We believe that fast and determined action on corruption in Saudi Arabia is a positive sign for international investment community and that it will bring long-term economic growth,» he said.

Saudi Arabia launched a large-scale anti-corruption investigation in November. The authorities detained 11 members of the royal family, four acting and dozens of former ministers. Investigators said a sum of more than 100 billion US dollars had been embezzled in corruption actions.

Crown Prince Mohammed Bin Salman said in an interview with The New York Times that the Saudi King had ordered to collect information about top-level corruption back in 2015. The investigation yielded a list of 200 names. Practically all of those detained preferred out-of-court settlement and ceded part of their assets to the authorities.

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