Gulf crisis – Morocco declines to freeze assets of Saudi Princes charged with corruption

Morocco has officially declined to freeze bank accounts of Saudi princes and VIPs charged with “corruption” and “money laundering in Saudi Arabia, media reports said.

According to the Casablanca-based Assabah newspaper, diplomatic sources explained Morocco’s refusal to freeze, on Saudi’s authorities request, the assets of Saudi princes detained on charges of corruption, by the fact that this demand does not result from a court decision.

According to Assabah, Morocco’s decision is supported by Washington and Paris regarding the concerned princes’ accounts in American and French banks.

While Lebanese, Emiratis and Bahrainis Banks have implemented Saudi’s authorities demand by freezing the assets of Saudi princes and personalities being investigated for corruption, Morocco, Jordan, France and USA are among the countries that have refused to apply Saudi Arabia’s request, the Newspaper added.

Saudi Arabia’s general persecutor said that the investigations are going on and that the misappropriated money amounts more than 100 billion dollars.

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