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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.
To summarise today's even more bizarre Saudi news day:
Trump urges Aramco IPO
Lebanon PM resigns
Saudis intercept missile
Major cabinet reshuffle; 3 Saudi princes - who run the anti-graft committee - arrested for money-laundering
A total of 11 princes, >30 ministers arrested on corruption
On 4 November 2017, the Saudi press announced the arrest of the Saudi prince and billionaire Al-Waleed bin Talal, a frequent English-language news commentator and a major shareholder in Citi, News Corp and Twitter, as well as over 40 princes and government ministers at the behest of the Crown Prince on corruption and money laundering charges.
Others arrested or fired in the purge included Mutaib bin Abdullah, head of the Saudi Arabian National Guard, Adel Fakeih, the Minister of Economy and Planning,and the Commander of the Saudi Naval Forces, Admiral Abdullah bin Sultan bin Mohammed Al-Sultan.
The New York Times wrote, "The sweeping campaign of arrests appears to be the latest move to consolidate the power of Crown Prince Mohammed bin Salman, the favorite son and top adviser of King Salman. The king had decreed the creation of a powerful new anticorruption committee, headed by the crown prince, only hours before the committee ordered the arrests." Writing for the Huffington Post, University of Delaware professor of Islam and Global Affairs, Muqtedar Khan, speculated as to whether the removal of the President Trump-critic Talal amounted to a coup. The BBC said that their "correspondent Frank Gardner says Prince Mohammed is moving to consolidate his growing power while spearheading a reform programme". yet "t is not clear what those detained are suspected of." 
Kingdom Holding Co. holds a 47.5% stake in the Four Seasons hotels management company; Bill Gates also holds a 47.5% stake through his Cascade investment firm. The remaining 5% of the Four Seasons management company is owned by Isadore Sharp. Alwaleed and Bill Gates acquired the Four Seasons in a US$ 3.8 billion deal in 2007.
The cabinet reshuffle saw Prince Miteb bin Abdullah replaced as minister of the national guard by Khaled bin Ayyaf, while economy minister Adel Fakieh was removed in favour of his deputy Mohammed al-Tuwaijri, according to a royal decree carried by state-run media.
Prince Miteb, the preferred son of the late King Abdullah, was once thought to be a leading contender for the throne before the unexpected rise of Prince Mohammed two years ago.
He had inherited control of the national guard, an elite internal security force built out of traditional tribal units, from his father, who ran it for five decades.
Prince Miteb was the last remaining member of Abdullah’s branch of the family to hold a position in the upper echelons of the Saudi power structure.
The move consolidates Prince Mohammed’s control of the kingdom’s security institutions, which had long been headed by separate powerful branches of the ruling family.
originally posted by: blackadder01
Why is there so much foreign interest invested in our Country from the Sauds? It would seem like from what i'm getting that a silent take over of the Media and other vested interests is or has, been an ongoing thing since I can't say. A long time from the looks of it. I just hope The President Trump puts an end to some of it, if not all of it. It's My Country and I want it back.