Billionaire prince among dozens arrested in Saudi sweep - News Summed Up

Billionaire prince among dozens arrested in Saudi sweep


Saudi Arabia has arrested dozens of princes and former officials, including a well-known billionaire with extensive holdings in Western companies, as part of a sweeping anti-corruption probe that further cements control in the hands of its young crown prince. The moves come barely two weeks after Saudi Arabia hosted a major investment conference. Some analysts believe the arrests are designed to consolidate the power of Crown Prince Mohammed bin Salman and further smooth his eventual succession to the throne. The prince is reportedly among those detained in the sweep, as is his brother, Prince Turki bin Abdullah, who was once governor of Riyadh. "A shot was just taken by Iran, in my opinion, at Saudi Arabia.


Source: CBC News November 05, 2017 10:52 UTC



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