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Saudi Arabia establishes office monitoring state spending, fighting corruption

Saudi Crown Prince Mohammed bin Salman attends a session of the Shura Council in Riyadh

Saudi Arabia has launched a new office in order to monitor the state spending with a saying that the new office set up would help to keep up the fight against the corruption in the country after the closure of a 15-month crackdown, S Arabia’ state-run media reported on Tuesday.

According to Reuters news reports, the financial reporting the office would be a part of the state’s general auditing bureau that used to watch out the financial discrepancies, the state news agency SPA has quoted public prosecutor Saud al-Mojeb as saying on Monday.

According to the agency, Saud said, “Corruption is not restricted to a specific company or government sector. The concerned authorities will be monitoring.” He further added saying, “Public prosecutors would handle any investigations.”

Saudi Arabia crown prince Mohammed bin Salman, last week, said the crackdown, which has been launched in November 2017, which has netted scores of the nation’s political and economic elite, had now achieved its objectives.

The royal court of the country said the operation was able to recover more than $106 billion by settlements with the scores of senior, ministers, princes and also top businessmen.

Crown prince said the government would continue to make efforts to combat corruption and to protect public funds.

The anti-corruption campaign consisting of 56 people were still facing criminal charges and about eight declined to the process of a settlement offer, the royal court said.

Crown prince has defended its campaign as “shock therapy” as he tried to overhaul the country’s economy.

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