Saudi Crown Prince: 95% of those Arrested on Corruption Charges Agreed to Return Funds

Saudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. Reuters
Saudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. Reuters
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Saudi Crown Prince: 95% of those Arrested on Corruption Charges Agreed to Return Funds

Saudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. Reuters
Saudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. Reuters

Saudi Crown Prince Mohammed bin Salman bin Abdulaziz has said that 95 percent of those arrested on corruption charges agreed to signing over cash or shares of their business to the Saudi state treasury while 1 percent were able to prove they are clean and their case was dropped.

“About 4 percent say they are not corrupt and with their lawyers want to go to court,” the Crown Prince told the New York Times in an interview published on Thursday.

The public prosecutor says it could eventually “be around $100 billion in settlements,” he told his interviewer Thomas Friedman.

“We started with the obvious question: What’s happening at the Ritz?” said Friedman in his article.

So the Crown Prince responded: It’s “ludicrous” to suggest that this anticorruption campaign was a power grab. He pointed out that many prominent members of the Ritz crowd had already publicly pledged allegiance to him and his reforms, and that “a majority of the royal family” is already behind him.

“Our country has suffered a lot from corruption from the 1980s until today. The calculation of our experts is that roughly 10 percent of all government spending was siphoned off by corruption since the early 1980s, by both the top and bottom levels. Over the years the government launched more than one ‘war on corruption’ and they all failed. Why? Because they all started from the bottom up.”

So when his father ascended to the throne in 2015 (at a time of falling oil prices), he vowed to put a stop to it all, the Crown Prince told his interviewer.

“My father saw that there is no way we can stay in the G-20 and grow with this level of corruption. In early 2015, one of his first orders to his team was to collect all the information about corruption — at the top. This team worked for two years until they collected the most accurate information, and then they came up with about 200 names.”

When all the data was ready, the public prosecutor, Saud al-Mojib, took action, said the Crown Prince, explaining that each suspected billionaire or prince was arrested and given two choices: “We show them all the files that we have and as soon as they see those about 95 percent agree to a settlement,” which means signing over cash or shares of their business to the Saudi state treasury.

“About 1 percent,” he added, “are able to prove they are clean and their case is dropped right there. About 4 percent say they are not corrupt and with their lawyers want to go to court. Under Saudi law, the public prosecutor is independent. We cannot interfere with his job — the king can dismiss him, but he is driving the process … We have experts making sure no businesses are bankrupted in the process” — to avoid causing unemployment.

There is no way, he added, to root out all corruption from all levels. “So you have to send a signal, and the signal going forward now is, ‘You will not escape.’ And we are already seeing the impact.”

Asked about Islam, the Crown Prince told Friedman “We don’t say that we are ‘reinterpreting’ Islam — we are ‘restoring’ Islam to its origins — and our biggest tools are the Prophet’s practices and [daily life in] Saudi Arabia before 1979.”

At the time of the Prophet Mohammed, he argued, there was mixing between men and women, there was respect for Christians and Jews in the Arabian Peninsula. “The first commercial judge in Medina was a woman!” So if the Prophet embraced all of this, he asked, “Do you mean the Prophet was not a Muslim?”

On foreign policy, the Crown Prince would not discuss the strange goings on with Lebanese Prime Minister Saad Hariri coming to Saudi Arabia and announcing his resignation, and now returning to Beirut and rescinding that resignation. He simply insisted that the bottom line of the whole affair is that Hariri is not going to continue providing political cover for a Lebanese government that is essentially controlled by Tehran-backed “Hezbollah”.

He insisted that the Saudi-backed war in Yemen was tilting in the direction of the legitimate government there, which, he said is now in control of 85 percent of the country, but given the fact that pro-Iranian Houthi insurgents, who hold the rest, launched a missile at Riyadh airport, anything less than 100 percent is still problematic.

The Crown Prince praised US President Donald Trump as “the right person at the right time” and said Iran’s “supreme leader is the new Hitler of the Middle East.”

“But we learned from Europe that appeasement doesn’t work. We don’t want the new Hitler in Iran to repeat what happened in Europe in the Middle East.” What matters most, though, is what Saudi Arabia does at home to build its strength and economy.

“I fear that the day I die I am going to die without accomplishing what I have in my mind. Life is too short and a lot of things can happen, and I am really keen to see it with my own eyes — and that is why I am in a hurry,” the Crown Prince added.



Hevolution CEO Discusses Career in Innovation, Medicine, and Business

Dr. Mehmood Khan, CEO of the Hevolution Foundation
Dr. Mehmood Khan, CEO of the Hevolution Foundation
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Hevolution CEO Discusses Career in Innovation, Medicine, and Business

Dr. Mehmood Khan, CEO of the Hevolution Foundation
Dr. Mehmood Khan, CEO of the Hevolution Foundation

Dr. Mehmood Khan, CEO of the Hevolution Foundation, the largest philanthropy organization funding aging medicine in the world, expressed that receiving Saudi citizenship will boost his scientific and practical capabilities.
He said this new status will help him advance his research, especially in addressing aging.
This comes as part of a recent royal decree granting Saudi citizenship to several notable scholars, doctors, researchers, and innovators.
“Our Chairman, his Royal Highness (Crown Prince Mohammed bin Salman), has very high expectations of our work and the impact we need to do; We were created in part because of his vision,” Khan told Asharq Al-Awsat.
“Living up to the expectations and challenges we get faced with is itself exciting, but it is challenging,” revealed Khan, affirming that Hevolution’s team is “up to that task.”
Khan, who has experience in both corporate and medical fields, told Asharq Al-Awsat that his work across academic, public, and private sectors has been a continuous learning process, with each area enhancing the others.
According to the CEO, these industries are interconnected, and combining their strengths often leads to the best solutions.
This insight inspired the Hevolution initiative, which brings together the scientific community, NGOs, pharmaceutical companies, policymakers, academia, biotech firms, CEOs, and others to promote healthy aging.
Khan highlighted the value of integrating insights from different sectors.
Academia provides detailed research, the public sector offers insights on population health and regulations, and the corporate world brings innovation and efficiency, explained Khan, adding that by merging these perspectives, the world can tackle complex health challenges more effectively.
“We’ve been working through, and are now investing, funding and partnering with over 200 scientists around the world, and over 150 different university labs,” said Khan.
Hevolution uses this integrated approach to advance healthy aging.
This initiative embodies my passion for addressing major challenges and offers a significant opportunity to make a global impact.
Khan talked about the first $400 million commitment Hevolution made in the last 23 months, calling it “unprecedented.”
“There has never been a non-profit organization in the world that has gone from not existing to now becoming the largest philanthropy funding aging biology and medicine in the world,” affirmed Khan.
Khan stressed that work at Hevolution not only pushes scientific boundaries but also promotes cross-sector collaboration to improve global health outcomes.
Since Khan’s early days in medical school, he’s been deeply interested in nutrition and population health, which was an unconventional focus back then. This journey set the foundation for his later work in community health.
Khan’s time as an endocrinology faculty member at the Mayo Clinic was crucial. He led programs on diabetes, endocrine diseases, metabolism, and nutrition, which strengthened his expertise in designing disease prevention systems.
In the private sector, Khan took on a key role at Takeda Pharmaceutical as the global head of R&D, which shaped his approach to innovative healthcare solutions.
At PepsiCo, as Chief Scientific Officer, he learned crucial principles of scale, impact, transformation, and tackling global challenges.
As CEO of Hevolution, Khan uses all his professional experience to advance the foundation’s mission of developing health sciences to address age-related diseases.
Khan serves on the boards of Reckitt Benckiser and the Saudi Research, Development, and Innovation Authority (RDIA).
He is the CEO of Life Biosciences, a member of Saudi Arabia’s biotechnology strategy committee, and the chair of the advanced technology visiting committee at the US National Institute of Standards and Technology (NIST).
Khan told Asharq Al-Awsat that he feels honored to have recently become a Saudi citizen by royal decree, while also holding dual US and UK citizenship. This helps him lead Hevolution effectively and work closely with international partners.
Khan commented on his recent Saudi citizenship, saying that in addition to feeling honored to receive Saudi citizenship by royal decree, alongside other distinguished individuals, this recognition is a great privilege.
Being a Saudi citizen, as per Khan, is a significant milestone and acknowledges the progress in his work in aging science and global health. It also strengthens Khan’s commitment to the work at Hevolution.
Khan noted that this new status enhances his ability to build relationships and collaborate within the Kingdom and internationally. It offers a deeper connection with the local community and better opportunities to engage with policymakers and leaders.
He also said that this recognition boosts Hevolution’s global presence and credibility, making the foundation’s collaborations with international scientists and business leaders stronger. It positions Hevolution as a key player in addressing age-related diseases.
Khan emphasized that this honor reflects the hard work and innovation of Hevolution’s entire team.
The CEO said that it was collective efforts that have made this achievement possible.
Khan also said he is excited to engage more deeply with the scientific and medical community in the Kingdom, adding that his new citizenship helps him contribute to Vision 2030 and the national biotechnology strategy, promoting innovation and attracting top global talent.