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Report: Saudi central bank tells lenders to suspend more bank accounts

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Report: Saudi central bank tells lenders to suspend more bank accounts

The Saudi Arabian Monetary Authority is telling lenders to suspend accounts of more people who are not under arrest and those of people linked to them as part of the government's crackdown on corruption, "people familiar with the situation" told Bloomberg News.

Saudi Arabian authorities are also detaining new suspects and releasing some of those held, the people said. Saudi Arabian Minister of Commerce and Investment Majid bin Abdullah al-Qasabi earlier said the arrests have finished, and that Saudi Arabia has moved on to preparing to receive and eventually allocate settlement payments from detainees.

The Saudi Center for International Communication did not respond to requests for comment, while the Saudi Arabian Monetary Authority referred questions to the public prosecution, which has also yet to respond to requests for comment, according to the Dec. 20 report.