Crown Prince: Every person, who has engaged in #corruption, regardless of their status, will be held accountable, provided there's evidence. pic.twitter.com/sTxKfqvjo2— CIC Saudi Arabia (@CICSaudi) November 4, 2017
New York Times: Saudi Arabia Arrests 11 Princes, Including Billionaire Waleed bin Talal
LONDON — Saudi Arabia announced the arrest on Saturday night of the prominent billionaire investor Prince Alwaleed bin Talal, plus at least 10 other princes, four ministers and tens of former ministers.
The announcement of the arrests was made over Al Arabiya, the Saudi-owned satellite network whose broadcasts are officially approved.
The reports in Al Arabiya and from other sources that Prince Alwaleed was among those arrested were sure to send shock waves both through the Kingdom and the world’s major financial centers.
Prince Alwaleed, who controls the investment firm Kingdom Holding and is one of the world’s richest men, has major stakes in News Corp, Time Warner, Citigroup, Twitter, Apple, Motorola and many other well-known companies. He also controls satellite television networks watched across the Arab world.
The sweeping campaign of arrests appears to be the latest move to consolidate the power of Crown Prince Mohammed bin Salman, the favorite son and top adviser of King Salman.
Read more ....
WNU Editor: Crown Prince Mohammed bin Salman is consolidating his power. He wants no opposition to his eventual ascendancy to the throne, and by controlling this new anti-corruption body has (probably) just guaranteed it .... Saudi Arabia announces new anti-corruption committee led by Crown Prince amid cabinet reshuffle (The National).
Update: Saudi Arabia's news website Al Arabiya has details on who has been removed and/or arrested (scroll down the link for all the breaking news stories) .... link is here.
More News On Reports That Princes, Ministers, And Billionaires Are Being Arrested For Corruption In Saudi Arabia
Saudi king sacks top ministers, gives more power to crown prince -- Reuters
Senior Saudi royal ousted, princes reportedly arrested -- AP
Saudi princes, ex-ministers arrested in anti-graft purge: report -- AFP
Saudi princes among dozens detained in anti-corruption purge -- BBC
Princes and ministers among those arrested under new Saudi anti-corruption committee -- The National
Saudi Prince, Relieved From National Guard, Once Seen as Throne Contender -- US News and World Report/Reuters
Saudi ministers for National Guard, economy dismissed -- Al Jazeera
Saudi Arabia Purge Leaves Crown Prince With All Levers of Power -- Bloomberg
In Shocking Purge, Saudi King Arrests Billionaire Prince Bin Talal, Dozens Of Others In Cabinet Crackdown -- Zero Hedge
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