Saudi Crown Prince to head new committee to combat corruption
Saudi Arabia’s newly formed anti-corruption commission arrested 10 princes and dozens of former government ministers on Saturday, Saudi-owned Al Arabiya television reported, citing unnamed sources.
The arrests came soon after the commission, headed by powerful Crown Prince Mohammed bin Salman, was established by royal decree.
Saudi Arabia arrested 10 princes and dozens of former government ministers on Saturday, reports said, in a major purge immediately after an anti-corruption commission was established.
Saudi news websites said Saudi billionaire Prince Al-Waleed bin Talal was among those arrested, but there was no official confirmation. The prince was not immediately reachable for comment.
An aviation source told AFP that security forces had grounded private jets in the Red Sea city of Jeddah, potentially to prevent any high-profile figures from leaving.
“The reported detention of Prince Al-Waleed bin Talal, if true, would send shockwaves through the domestic and international business community.”
So, let’s focus on Prince Alwaleed bin Talal for a moment. Prince Alwaleed bin Talal is a Billionaire businessman and owner and part owner of these America companies:
Kingdom Holding Company, a Forbes Global 2000 company with investments in companies in the financial services, tourism and hospitality, mass media, entertainment, retail, agriculture, petrochemicals, aviation, technology and real-estate sectors. The company had a market capitalization of over $18 billion in 2013. Al-Waleed is Citigroup‘s largest individual shareholder, the second-largest voting shareholder in 21st Century Fox, and owns Paris’ Four Seasons Hotel, which is the five top floors of the Mandalay Bay Hotel in Las Vegas, Nevada
George V and part of the Plaza Hotel. Time has called him the “Arabian Warren Buffett”. In March 2016 Forbes listed Al-Waleed as the 41st richest man in the world, with an estimated net worth of $17.3 billion. What
On 4 November 2017, he was arrested in Saudi Arabia, in a “corruption crackdown”, together with among others, Waleed bin Ibrahim Al Ibrahim and Saleh Abdullah Kamel. He also is the Major stock owner of Twitter, below is a diagram.
I believe there is a lot going on behind the scene. It is not coincidental that President Donald Trump’s Twitter account that was taken down for eleven minutes so that the CIA could locate him. The Las Vegas massacre’s shooter Steven Paddock came from the Mandalay Bay Hotel was just a few floors down from the Four Season, I believe this is all connected in my opinion.
My Twitter account was taken down for 11 minutes by a rogue employee. I guess the word must finally be getting out-and having an impact.
— Donald J. Trump (@realDonaldTrump) November 3, 2017
Price Al-Waleed, one of the richest people in the world, with a net worth of $20 billion according to Forbes, said that the investment reflects the growing importance of blogging and alternative media. Twitter was one of the most widely used forms of information dissemination during the “Arab Spring” uprisings in the Middle East earlier this year.
“Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact,” Prince Waleed said in a statement released from his investment company, Kingdom Holding Co. “Social media will fundamentally change the media industry landscape in the coming years. Twitter will capture and monetize this positive trend,” said Ahmed Halawani, executive director of private equity at Kingdom Holding.