Connect with us

International

Palestinian billionaire detained in Saudi Arabia, questioned over information relating to corruption

Published

on

80-year-old Palestinian billionaire businessman Sabih al-Masri has been detained in Saudi Arabia where he has been reportedly questioned over information relating to corruption.

The founder of Zara Investment Holding and chairman of Arab Bank was reportedly arrested and detained while on a business trip to Riyadh and he is the latest to be arrested in the ongoing anti-corruption purge launched by Crown Prince Mohammed bin Salman.

According to Arab new website Rai al-Youm no formal charges were made against al-Masri, who reportedly also holds Saudi and Jordanian citizenship.

Read Also : AMSTERDAM: 29-year-old knife-wielding man shot at airport

The arrest of the businessman who also founded the Palestine Securities Exchange, and has managed investment companies and financial economic institutions across the Middle East has also been confirmed by his family.

Reports say his detention has sent shock and fear back home in Jordan where Masri’s multibillion-dollar investments are a cornerstone of the economy and an employer of thousands.

 

 

RipplesNigeria… without borders, without fears

Click here to join the Ripples Nigeria WhatsApp group for latest updates.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now