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In Shocking Purge, Saudi King Arrests Billionaire Prince Bin Talal, Dozens Of Others In Cabinet Crackdown
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by Tyler Durden
Nov 4, 2017 5:42 PM
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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 ten senior princes, and some 38 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, while Royal princes’ private planes have been grounded.
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.
#BREAKING Several Princes & Saudi businessmen are arrested for #MoneyLaundering and #corruption charges in #KSA ????????https://t.co/EPh5tyilp9 pic.twitter.com/qZ4WSkKXyT
— ??? ?????? ???????? (@HSajwanization) November 4, 2017
As the local press further adds, the supreme committee chaired by Crown Prince and billionaire stops “on charges of money laundering.”
Money laundering is an interesting charge, especially considering the target on the Podesta Group, which reportedly has done significant lobbying on behalf of the Saudis.
Big events like this one generally have many unknowable offshoots.
And, like others, I don't think the secret Kushner trip was a coincidence, nor do I think the President's earlier tweet regarding that IPO is unrelated.
PING
Interesting thread and comments,,..Id be interested in your thoughts on all of this