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  HOME | Business & Economy (Click here for more)

Billionaire Prince Alwaleed bin Talal among Arrested in Riyadh

RIYADH – Prince Alwaleed bin Talal, a billionaire with vast investments, and MBC Media Group Chairman Waleed bin Ibrahim were among the 11 princes and dozens of current and former ministers arrested on corruption charges in Saudi Arabia on Sunday, according to media sources.

The list also included the former minister in charge of the national guard, Mutaib bin Abdullah, according to the Saudi newspaper Sabq.

Bin Abdullah is the son of the late King Abdullah bin Abdulaziz, and was his last remaining descendant to hold a relevant position in the government.

Among the detained was bin Ibrahim, whose MBC Media Group includes the news channel Al Arabiya, which was created in 1990s to compete with the Qatari news channel Al Jazeera.

Al Arabiya is the Saudi TV channel that broadcast on Saturday the surprise resignation of Lebanon’s Prime Minister Saad Hariri during his official visit to Saudi Arabia.

News of the arrests came hours after the formation of an anti-corruption committee led by Crown Prince Mohammed bin Salman, which issued the arrest warrants.

Also arrested were Former Defense Minister Prince Fahd Bin Abdullah, the former mayor of Riyadh Prince Turk bin Abdullah, and Economy Minister Adel bin Mohammed.

 

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