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World News
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Title: Saudi princes among dozens detained in 'corruption' purge
Source: [None]
URL Source: http://www.bbc.com/news/world-middle-east-41874117
Published: Nov 5, 2017
Author: staff
Post Date: 2017-11-05 10:37:20 by BTP Holdings
Keywords: None
Views: 38
Comments: 7

Saudi princes among dozens detained in 'corruption' purge

2 hours ago

Middle East

Billionaire Prince Alwaleed bin Talal is among those held The heir to the throne in Saudi Arabia has consolidated his hold on power with a major purge of the kingdom's political and business leadership.

A new anti-corruption body, headed by Crown Prince Mohammed bin Salman, detained 11 princes, four sitting ministers and dozens of ex-ministers.

Prince Alwaleed bin Talal, a billionaire with investments in Twitter and Apple, is among those held.

Separately King Salman replaced the national guard and the navy chiefs. The new anti-corruption committee has the power to issue arrest warrants and travel bans.

Attorney General Sheikh Saud al-Mojeb said the status of the detainees would not influence "the firm and fair application of justice", AFP news agency reports.

Saudi broadcaster Al-Arabiya said fresh investigations had been launched into the 2009 Jeddah floods and the outbreak of the Mers virus which emerged in Saudi Arabia in 2012 - but analysts see the detentions as a clear move by the crown prince to strengthen his power base.

Who is Crown Prince Mohammed bin Salman?
End of Saudi women driving ban reflects deep changes in society
Saudi Arabia profile

A shock to Saudis unused to change

Analysis by Frank Gardner, BBC security correspondent

The events of Saturday night in Saudi Arabia are nothing short of seismic for that country. In a bold, pre-planned move, the 32-year old Crown Prince has removed the final obstacles to his gaining total control over the world's richest oil producer and home to the holiest shrines in Islam.

Presented to the world as an anti-corruption drive, the arrests of princes, ministers and the billionaire tycoon Prince Alwaleed bin Talal have shocked Saudis unused to sudden change.

The crown prince is largely popular, especially amongst young Saudis, but many older, more conservative citizens think he is moving too far too fast. He has started an unwinnable war in Yemen while still fighting the extremists of so-called Islamic State. He has also backed a damaging boycott of Gulf neighbour Qatar.

But his supporters hail his efforts to modernise Saudi Arabia and, after decades of rule by old men, they welcome a fresh vision from a man who could well be king for the next 50 years.

Who is Prince Alwaleed?

The owner of London's Savoy hotel is one of the richest men in the world, with a net worth of $17bn (£13bn) according to Forbes.

Shares in Kingdom Holding, the investment firm owned by the prince, plunged 9.9% in early trade on the Saudi stock market after news of his detention emerged.

The firm is one of Saudi Arabia's most important investors. Apart from Twitter and Apple, it has shares in Rupert Murdoch's News Corporation, Citigroup bank, the Four Seasons hotel chain and ride-sharing service Lyft.

The Saudi prince made the news in the past for employing women, who make up two-thirds of his staff.

But he was also known for his hundred-million-dollar desert resorts, where he employed dwarves for entertainment purposes.

Two years ago he offered luxury cars to fighter pilots participating in a bombing campaign in Yemen, where the Saudi-led coalition continues to bomb Houthi rebels, killing 26 people in an attack on a hotel and market on Wednesday.

Profile: Prince Alwaleed bin Talal
The Saudi prince who offered Bentleys to bombers
Saudis 'intercept missile' near capital

Prince Alwaleed once bought control of a hotel and a yacht from Donald Trump, when he had yet to enter politics, but clashed with him publicly on Twitter in 2015 over his decision to stand for president, the New York Times notes.

Click for Full Text!


Poster Comment:

More shenanigans in Saudi Arabia.

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#1. To: BTP Holdings (#0)

This is interesting,but there are so many branches of the ruling family that it would take a computer to track them all. Some are harmless to anyone outside Saudi Arabia,and some are the prime financiers behind the jihadists.

I have no clue which are which. Remember,bin Laden came from a wealthy and privileged Saud family,even though they had no connection to the Royal Family.

HEY! Old King Abdullah used to love to swap kisses and have sex with Boy Jorge,so who knows,JEB might end up being a Prince there? He already has a wife so ugly that should be required to wear a mask when going out in public,so why not?

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ In the entire history of the world,the only nations that had to build walls to keep their own citizens from leaving were those with leftist governments.

sneakypete  posted on  2017-11-05   11:04:31 ET  Reply   Trace   Private Reply  


#2. To: BTP Holdings (#0)

Two possible interpretations

Ada  posted on  2017-11-05   13:25:46 ET  Reply   Trace   Private Reply  


#3. To: sneakypete (#1)

He already has a wife so ugly that should be required to wear a mask when going out in public,so why not?

ROTFLMAO!

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2017-11-05   13:53:29 ET  Reply   Trace   Private Reply  


#4. To: BTP Holdings (#0)

100 years ago the same shit went down in tents scattered amongst the sand dunes. The only change is now they drive around in Mercedes-Benz's instead of riding camels.

“With the exception of Whites, the rule among the peoples of the world, whether residing in their homelands or settled in Western democracies, is ethnocentrism and moral particularism: they stick together and good means what is good for their ethnic group."
-Alex Kurtagic

X-15  posted on  2017-11-05   13:58:42 ET  Reply   Trace   Private Reply  


#5. To: X-15 (#4)

100 years ago the same shit went down in tents scattered amongst the sand dunes.

You must mean when T.E. Lawrence was there as Lawrence of Arabia. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2017-11-05   14:08:59 ET  Reply   Trace   Private Reply  


#6. To: BTP Holdings (#5)

The Arabs haven't changed who they are, only their bank accounts have swelled due to the oil under their sand dunes.

“With the exception of Whites, the rule among the peoples of the world, whether residing in their homelands or settled in Western democracies, is ethnocentrism and moral particularism: they stick together and good means what is good for their ethnic group."
-Alex Kurtagic

X-15  posted on  2017-11-05   17:11:08 ET  Reply   Trace   Private Reply  


#7. To: X-15 (#6)

The Arabs haven't changed who they are, only their bank accounts have swelled due to the oil under their sand dunes.

Oil is just a part of it,now. When he was Prince Abdullah,King Abdullah had Boy Jorge for his Boy Toy and personal whore,and it was at his request that the US Military invaded Iraq and hanged Saddam Hussein.

It was him who bought Boy Jorge out of bankruptcy in the oil business,and then hired him at a s6-figure no-show contract to be a "on-call oil business consultant". That's where Boy Jorge got the money to buy the Texas Rangers.

At that time,Prince Abdullah was also said to be the largest stockholder in Citi-Bank,and a major owner of stock in Ford Motor Company and other Blue Chip companies.

They are now diversified to the point where if they ran out of oil,I'm not so sure it would make that much of a difference in their power.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ In the entire history of the world,the only nations that had to build walls to keep their own citizens from leaving were those with leftist governments.

sneakypete  posted on  2017-11-05   22:49:44 ET  Reply   Trace   Private Reply  


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