U.A.E. to Seek Bank Account Information of 19 SaudisBy and
The United Arab Emirates central bank asked financial institutions to provide information on the accounts of 19 Saudi citizens, according to people familiar with the matter.
The list includes some of those who have been arrested in Saudi Arabia during an anti-corruption drive. Among those detained are princes, billionaires, former ministers and prominent businessmen, including Prince Alwaleed bin Talal, one of the world’s richest men. The Saudi attorney general said the arrests are “phase one” of the anti-corruption drive.
The central bank requested to be informed of any accounts, deposits, investments, financial instruments, credit facilities, safe deposit boxes or financial transfers linked to the 19 people, according to a circular seen by Bloomberg. The document was sent to local and foreign banks, exchange houses as well as finance and investment companies, the people said, asking not to be identified because the information is private.
The central bank didn’t immediately respond to calls and an email seeking comment.