Bloomberg Businessweek

Saudi Arabia Ends A Ritzy Crack down

Government officials expect the kingdom’s anticorruption purge will net $100 billion in payments

Around midnight on Jan. 21, the Ritz-Carlton in Riyadh hardly looks like the holding pen for some of Saudi Arabia’s most wanted. Since November, some of the kingdom’s richest princes, cabinet officials, and businessmen have been detained in the palatial five-star hotel as part of a sweeping anticorruption purge. There are no armed guards visible; only one police car is seen outside the compound. In the well-lit lobby, with Arabic music playing over speakers, government staffers

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