An initial verdict has led to the conviction of two Saudi nationals and nine expatriates
He is also accused of committing a number of crimes, including forgery, bribery and abuse of influence
The assets of Finance Minister Ali Sharif Al-Emadi, arrested Thursday over alleged abuse of power and misuse of public funds, were also frozen
Legal procedures against the accused are currently underway
Those arrested were allegedly involved in a scheme that transferred more than SAR11.5bn outside the country
Nearly half of young Arabs have considered leaving their country, due to lack of opportunities and corrupt governance, finds annual Asda’a BCW survey
Sanea was detained last year for unpaid debts dating back to 2009
On Friday, Ethiopia aannounced that Saudi Arabia had agreed to release 1,000 Ethiopian nationals
Maan al-Sanea was ranked by Forbes as one of the world’s 100 richest people in 2007
The highest ranking entries originating from Saudi Arabia in Gulf Business’ annual Arab power list