“Did the recently-arrested Al-Waleed represent Saudi Arabia at the Serco shareholder meeting in WTC1 on 9/11?”
Saudi Arabia’s arrest of Prince Alwaleed ‘would be like arresting Warren Buffett or Bill Gates’ in the US
• Robert Jordan, former U.S. ambassador to the kingdom, says, “The Saudis are going to have to be transparent about what happens.”
• On Saturday, 11 princes, including well-known billionaire investor Alwaleed bin Talal, were among those arrested in a corruption crackdown.
• “This would be like arresting Warren Buffett or Bill Gates in the United States,” Jordan says.
Matthew J. Belvedere | @Matt_Belvedere
The mass weekend arrests by Saudi Arabia could be due to both the stated purpose of cracking down on corruption and a power grab by the kingdom’s young, reform-minded crown prince who may soon take the throne, said Robert Jordan, former U.S. ambassador to the kingdom.
On Saturday, 11 princes, including well-known billionaire investor Alwaleed bin Talal, and four ministers, including the one in charge of the National Guard, were arrested, according to various reports, along with a number of former ministers.
Two weeks ago, Alwaleed, who spoke to CNBC in an extensive interview from his apartment in Riyadh, talked about the massive upcoming Saudi Aramco IPO, his vast investments in shares of U.S. corporations and what he called “a lot of good policies” of President Donald Trump.
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House of Saud internally purging: