What will be the 800 billion dollars in possession?

In the corruption operation in Saudi Arabia, 800 billion dollars will be seized, which is said to be obtained by corruption. However, even if the accounts of prince and businessmen in the country are frozen, most of them keep their money abroad. What will be 'lost' 800 billion dollars?

More than 1,700 bank accounts were frozen in Saudi Arabia, a scene of a corruption operation in which princes, as well as businessmen and senior officials were taken into custody; the assets of the detainees will be confiscated.

According to an official from the Chamber of Commerce and Industry in Riyadh, the government's loss of $ 800 billion in corruption, corruption, bribery and illegal land acquisition activities is estimated to be $ 800 billion. The Saudi government also announced that $ 800 billion of the assets acquired by corruption of the detainees will be confiscated.

Saudi King Selman and his son, who is behind the corruption operation, Crown Prince Muhammad bin Salman.

It is known that a lot of people accused of bribery, money laundering, tearing off and using title for personal gain are keeping their money on bank accounts, company shares and real estate investments abroad. Some of the businessmen in custody have private flights, including Boeing 747.

'EVIDENCE PRACTICE REQUIRED'

According to Professor Carlo Lombardini, who teaches banking law at the University of Lausanne, Riyad will have to prove that money is getting corruption in order to get the money back. Lombardi said that the judiciary in Saudi Arabia should persuade Switzerland, "And the question is whether these people can defend themselves as they should be in Saudi Arabia

PRENSLERY AGREEMENT

It is alleged that an agreement could be made with businessmen and princes in custody, as it is stated that Saudi Arabia will need to use its influence in other capitals to return money that has been abducted abroad. "At the same time, the government will negotiate with businessmen and royal members who want to avoid being arrested," said Ayham Kamel, a researcher at the Avrasya Group. But this will be more of a contribution to the local economy. "

According to the US National Bureau of Economic Research, about 55 percent of Saudi Arabia's gross domestic product is held in 'tax havens' abroad. In this case, the fate of the corruption investigation is a matter of curiosity.