Tuesday, March 08, 2011

Saudi Royals Loot National Wealth

Reports show that members of the Saudi royal family have appropriated billions of dollars of the country's national wealth, including oil revenues, for their personal use.

According a Reuters report, Saudi royals took some $2 billion of the national income in 1996, while they as well as others closely associated with Saudi King Abdullah bin Abdel Aziz, now spend $10 billion of the country's earnings annually for personal expenses.

Also, it has already been revealed that revenues from the sale of one million barrels of oil per day go to only five or six Saudi princes.'


No comments:

Post a Comment

Thanks for your comment it is much appreciated.