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| 08 March, 2018

Saudi graft crackdown proceeds to go to finance ministry- sovereign wealth fund

Money collected from the Gulf country's corruption probe will go to ministry of finance.

Image for illustrative purpose.
A Saudi money changer displays Saudi Riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia July 27, 2017.

Image for illustrative purpose. A Saudi money changer displays Saudi Riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia July 27, 2017.

REUTERS/Faisal Al Nasser

LONDON- The managing director of Saudi sovereign wealth fund Public Investment Fund (PIF) Yasir al-Rumayyan said on Thursday the money collected from the Gulf country's corruption probe will go to ministry of finance.

Speaking at a conference in London, al-Rumayyan added, "For us, we are not involved."

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(Reporting by Clara Denina and Dasha Afanasieva; Editing by Toby Chopra) ((dasha.afanasieva@tr.com; +44 (0) 20 7542 0214;))