From Tyler Durden at Zero Hedge: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
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.
As the local press further adds, the supreme committee chaired by Crown Prince and billionaire stops "on charges of money laundering."
According to al Arabiya, among those sacked and/or arrested are Moteib Bin Abdullah, Minister of the National Guard, and Prince Khalid bin Ayyaf has been appointed as his replacement. A second Royal Order was issued to relieve Minister of Economy and Planning, Adel al-Faqieh, from his duties, and the appointment of Mohammed Al Tuwaijri as Minister of Economy and Planning.
According to a Royal Decree issued by King Salman on Saturday the anti-corruption committee is chaired by the Crown Prince with the membership of: Chairman of the Monitoring and Investigation Commission, Chairman of the National Anti-Corruption Authority, Chief of the General Audit Bureau, Attorney General and Head of State Security.
As Saudi analysts were quick to point out, the purge by the Saudi King means that King Abdallah’s last remnants (Riyad firmer gov. & head of Nat. Guard); media moguls; SAGIA & financial policy officials have been purged.
As Bloomberg notes, changing the head of the National Guard, an institution that’s been controlled by the clan of the late King Abdullah, “is not like changing the minister of oil,” said Kamran Bokhari, a senior analyst with Geopolitical Futures and a senior fellow with the Center for Global Policy. “I wouldn’t be surprised if this leads to greater fissures within the royal family.”GO READ THE WHOLE THING.
Just a week ago, an interview in an interview in the Guardian the Crown Prince Mohammed bin Salman promised to return Saudi Arabia to "Moderate Islam." (I'm not quite sure when it was ever previously moderate - maybe someone can enlighten me.)
Saudi Arabia’s crown prince, Mohammed bin Salman, has vowed to return the country to “moderate Islam” and asked for global support to transform the hardline kingdom into an open society that empowers citizens and lures investors. Mohammed bin Salman al-Saud: the hothead who would be king
In an interview with the Guardian, the powerful heir to the Saudi throne said the ultra-conservative state had been “not normal” for the past 30 years, blaming rigid doctrines that have governed society in a reaction to the Iranian revolution, which successive leaders “didn’t know how to deal with”.
Expanding on comments he made at an investment conference at which he announced the launch of an ambitious $500bn (£381bn) independent economic zone straddling Saudi Arabia, Jordan and Egypt, Prince Mohammed said: “We are a G20 country. One of the biggest world economies. We’re in the middle of three continents. Changing Saudi Arabia for the better means helping the region and changing the world. So this is what we are trying to do here. And we hope we get support from everyone.It seems to me these arrests may truly indicate he is serious about effecting change in Saudi Arabia. What kind of change remains to be seen. It could just be another circle of hell.
8 comments:
the Saudi are doing more about their internal corruption than we in the US are doing about ours (clintons et al )
Al Waleed owns 47.5% of the Four Seasons Hotel on the top floors of Mandalay Bay in Las Vegas. He has disliked Trump since the 1980's. He's had the Saudi Royal Airforce in his pocket even buying each pilot a Bently. From August 5th to the 28th all the Saudi fighter pilots were in Vegas. Alwaleed was educated in the US.
JASTA. Will be interesting to see how these arrests will affect the outcome of the lawsuits. Perhaps they are predetermining guilty parties.
That's an interesting thought.
Geez, who knows what the charges are REALLY about, but IF there really is money-laundering involved, J H. C, is there ANY amount of money that's EVER enough for these people?
Is this the same guy that I wrote about in 2005?
More at the link I just left. Note that the link is an index of articles from back in the day when I was hot on the trail of the dhimmification of our universities, including Georgetown University.
http://oi65.tinypic.com/154emqh.jpg
Image of reddit thread discussing the fizzled out Antifa protests yesterday. If accurate, it appears the Saudi arrests may have coincidentally shut off the $$$ paying for the printed posters, buses etc.
GatewayPundit: Coincidence? Jared Kushner Flies to Saudi Arabia Last Week - Saudis Jail Corrupt Hillary Supporting Prince One Week Later
ZeroHedge: Saudi Banks begin freezing accounts - arrest royals - block private jets
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