Saudi Billionaires Look to Move Funds to Escape Asset Freeze

DOES IT MEAN that States- gas stations begin to collapsing one after another ? Venezuela, Putin´s Muscovy , Nigeria, Algeria, KSA, etc.? which one goes down the first? my guess Muscovy, too BAD climate , sanctions, 2 wars , etc. ...


"Wealthy Saudis are moving assets out of the region to avoid the risk of getting caught up in what authorities call a crackdown on corruption, according to six people with knowledge of the matter.

Some Saudi billionaires and millionaires are selling investments in neighboring Gulf Cooperation Council countries and turning them into cash or liquid holdings overseas, the people said. They spoke on condition of anonymity because of the sensitivity of the matter. In Saudi Arabia, some are in talks with banks and asset managers to move money outside the country, the people said."


https://www.bloomberg.com/news/arti...are-said-to-move-funds-to-escape-asset-freeze

Litwin said:

DOES IT MEAN that States- gas stations begin to collapsing one after another ? Venezuela, Putin´s Muscovy , Nigeria, Algeria, KSA, etc.? which one goes down the first? my guess Muscovy, too BAD climate , sanctions, 2 wars , etc. ...

"Wealthy Saudis are moving assets out of the region to avoid the risk of getting caught up in what authorities call a crackdown on corruption, according to six people with knowledge of the matter.

Some Saudi billionaires and millionaires are selling investments in neighboring Gulf Cooperation Council countries and turning them into cash or liquid holdings overseas, the people said. They spoke on condition of anonymity because of the sensitivity of the matter. In Saudi Arabia, some are in talks with banks and asset managers to move money outside the country, the people said."


https://www.bloomberg.com/news/arti...are-said-to-move-funds-to-escape-asset-freeze

Click to expand...

Considering they all have significant overseas assets, they must know what is coming.
Now will Mohammed bin Salman have public trials, request extraditions from a number of countries including freezing of those assets?
Saudi does not have a Constitution, it does have a Basic Law of Governance, but relies upon the Koran.
Does anyone see a Western country extraditing a Saudi to a State that has the death penalty?
Show trials?

Saudi Arabia: Basic Law of Governance (promulgated by the Royal Decree No. A/90 dated 27/08/1412H (March 1, 1992))

Litwin said:

DOES IT MEAN that States- gas stations begin to collapsing one after another ? Venezuela, Putin´s Muscovy , Nigeria, Algeria, KSA, etc.? which one goes down the first? my guess Muscovy, too BAD climate , sanctions, 2 wars , etc. ...

"Wealthy Saudis are moving assets out of the region to avoid the risk of getting caught up in what authorities call a crackdown on corruption, according to six people with knowledge of the matter.

Some Saudi billionaires and millionaires are selling investments in neighboring Gulf Cooperation Council countries and turning them into cash or liquid holdings overseas, the people said. They spoke on condition of anonymity because of the sensitivity of the matter. In Saudi Arabia, some are in talks with banks and asset managers to move money outside the country, the people said."


https://www.bloomberg.com/news/arti...are-said-to-move-funds-to-escape-asset-freeze

Click to expand...

They should have done so long ago. The same is true wherever rule of law is second to political ideology or even daily demands. This is difficult for countries trying to redistribute wealth. It leaves.

JANFU said:

Considering they all have significant overseas assets, they must know what is coming.
Now will Mohammed bin Salman have public trials, request extraditions from a number of countries including freezing of those assets?
Saudi does not have a Constitution, it does have a Basic Law of Governance, but relies upon the Koran.
Does anyone see a Western country extraditing a Saudi to a State that has the death penalty?
Show trials?

Saudi Arabia: Basic Law of Governance (promulgated by the Royal Decree No. A/90 dated 27/08/1412H (March 1, 1992))

Click to expand...

whats about my question?
"which one goes down the first? my guess Muscovy, too BAD climate , sanctions, 2 wars , etc. ..."

Litwin said:

whats about my question?
"which one goes down the first? my guess Muscovy, too BAD climate , sanctions, 2 wars , etc. ..."

Click to expand...

Not a clear question-

JANFU said:

Not a clear question-

Click to expand...

do you see that the all states- gas stations are collapsing?

"John McCain: "Russia" is a 'gas station masquerading as a country'"