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Tackling Corruption: Why Saudi Prince Mohammed's Approach Raises Questions by salau01(m): 6:13pm On Nov 25, 2017
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Leave aside for a moment questions of due process. Analysis of Saudi Arabia’s three largest corporate failures explains why Crown Prince Mohammed bin Salman’s recent moves look more like a power and asset grab than a credible effort to eradicate corruption.
Dependency on government contracts was at the core of the bankruptcy of Saudi Oger, owned by the family of embattled Lebanese Prime Minister Saad Hariri, and the near-demise of the Saudi Bin Laden Group.
Granted, the $22 billion downfall of 70-year old Ahmad Hamad Algosaibi & Brothers Company (AHAB) that took down two Bahraini banks as well as the Saad Group in one the largest financial collapses of the 2009 global credit crunch, occurred because of mismanagement, lacking corporate and financial governance, and allegations of fraud, theft and forgery.
Yet, like the Bin Ladens and the Hariris, a major chunk of the group’s business was with the government, selling steel piping to Saudi Aramco, the kingdom’s national oil and natural gas behemoth. The settlement of the collapse with more than 100 banks was long viewed as a litmus test for foreign investors.

Re: Tackling Corruption: Why Saudi Prince Mohammed's Approach Raises Questions by AntiWailer: 6:16pm On Nov 25, 2017
The reason why Corruption is every where is because there is always a stupid story behind the reason to curb it.

Opposition , due process bla bla bla

When they were stealing did they use due process ?

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