Saudi Arabia has launched a new financial reporting office to monitor the kingdom’s expenditures as part of its plans to combat corruption.
The new office would be part of the kingdom’s General Auditing Bureau, the Saudi Press Agency (SPA) reported on Monday, citing public prosecutor Saud Al-Mojeb as saying.
“Corruption is not restricted to a specific company or government sector. The concerned authorities will be monitoring,” Al-Mojeb highlighted.
Saudi Arabia previously announced the end of its 15-month high-profile anti-graft probe, led by Crown Prince Mohammed bin Salman, after collecting more than SAR 400 billion ($107 billion), which were added to its coffers, while also leaving dozens detained.
The anti-corruption crackdown launched in 2017 led to detaining hundreds of elites, princes, ministers, and businessmen for weeks at the luxury Ritz-Carlton hotel in Riyadh.
“The public prosecutor has refused to settle the cases of 56 individuals due to already existing criminal charges against them,” according to a statement released to SPA last week.
However, most of the detainees were released after they agreed to pay hefty financial settlements.