In a shocking development, Saudi press Al Mayadeen reported late on Saturday that prominent billionaire, member of the royal Saudi family, and one of the biggest shareholders of Citi, News Corp. and Twitter – not to mention frequent CNBC guest – Al-Waleed bin Talal, along with eleven senior princes, and over thirty ministers, has been arrested for corruption and money laundering charges on orders from the new anti-corruption committee headed by Crown Prince Mohammed bin Salman.
Among those fired and/or arrested are the head of National Royal Guards, Miteb Bin Abdullah, the Minister of Economy and Planning, Adel Fakeih, and Admiral Abdullah bin Sultan bin Mohammed Al-Sultan, the Commander of the Saudi Naval Forces.
According to Saudi media they were arrested for being involved in corruption and money laundering https://t.co/Si1tuudnIz
— Ali Hashem علي هاشم (@alihashem_tv) November 4, 2017
As the local press further adds, the supreme committee chaired by Crown Prince and billionaire stops “on charges of money laundering.”
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Ironically, President Donald Trump Tweeted today before the arrest regarding Saudi Arabia:
Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States!
— Donald J. Trump (@realDonaldTrump) November 4, 2017
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[contentcards url=”http://www.zerohedge.com/news/2017-11-04/shocking-purge-saudi-king-arrests-billionaire-prince-bin-talal-others-anti-money-lau” target=”_blank”]Billionaire Saudi Prince Alwaleed Bin Talal arrested in corruption crackdown: Local reports https://t.co/zmHnD1m9vH
— CNBC (@CNBC) November 4, 2017