Serious Saudi Princeling Arrests Over 10 of His Royal Uncles, Especially The Very Rich Ones!

[JohnTan]

LONDON — Saudi Arabia announced the arrest on Saturday night of the prominent billionaire investor Prince Alwaleed bin Talal, plus at least 10 other princes, four ministers and tens of former ministers.

The announcement of the arrests was made over Al Arabiya, the Saudi-owned satellite network whose broadcasts are officially approved. Prince Alwaleed’s arrest is sure to send shock waves both through the Kingdom and the world’s major financial centers.

He controls the investment firm Kingdom Holding and is one of the world’s richest men, with major stakes in News Corp, Time Warner, Citigroup, Twitter, Apple, Motorola and many other well-known companies. The prince also controls satellite television networks watched across the Arab world.

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.

At 32, the crown prince is already the dominant voice in Saudi military, foreign, economic and social policies, stirring murmurs of discontent in the royal family that he has amassed too much personal power, and at a remarkably young age.


The king had decreed the creation of a powerful new anti-corruption committee, headed by the crown prince, only hours before the committee ordered the arrests.

Al Arabiya said that the anticorruption committee has the right to investigate, arrest, ban from travel, or freeze the assets of anyone it deems corrupt.

The Ritz Carlton hotel in Riyadh, the de facto royal hotel, was evacuated on Saturday, stirring rumors that it would be used to house detained royals. The airport for private planes was closed, arousing speculation that the crown prince was seeking to block rich businessmen from fleeing before more arrests.

Prince Alwaleed was giving interviews to the Western news media as recently as late last month about subjects like so-called crypto currencies and Saudi Arabia’s plans for a public offering of shares in its state oil company, Aramco.

He has also recently sparred publicly with President Donald J. Trump. The prince was part of a group of investors who bought control of the Plaza Hotel in New York from Mr. Trump, and he also bought an expensive yacht from him as well. But in a twitter message in 2015 the prince called Mr. Trump “a disgrace not only to the GOP but to all America.”

https://www.nytimes.com/2017/11/04/world/middleeast/saudi-arabia-waleed-bin-talal.html

 

[maxsanic]

Prince Alwaleed is another one of those corrupt businessmen using seed money from dubious sources to build his empire. The only difference is he's quite good at cozying up to the western business elites and liberal media who promptly reciprocated by portraying him as a middle eastern Warren Buffet.

If you look objectively at his personal background, entrepreneurial buildup and investment philosophy, it bears little semblance to the famed investor.

 

[gatehousethetinkertailor]

Prince Alwaleed is another one of those corrupt businessmen using seed money from dubious sources to build his empire. The only difference is he's quite good at cozying up to the western business elites and liberal media who promptly reciprocated by portraying him as a middle eastern Warren Buffet.

If you look objectively at his personal background, entrepreneurial buildup and investment philosophy, it bears little semblance to the famed investor.

He does not have to be WB - it is well established in the ME that he is one of the best paymasters around and he just hires the best for whatever his endeavours are - he just fronts - that has been his strategy for the longest time.

 

[congo9]

Prince consolidating power. No democracy. Need military power to consolidate to fight.

 

[virus]

will he please come here and arrest princeling ahLeeBaba also an his 69 thieves

 

[hairylee]

Prince Alwaleed provided financial support to many Zionist controlled corporations around the world. This is one reason the Jews have left the Saudis untouched for so long.
Without his money many of these blood sucker corporations would have vanished long time ago.

 

[Semaj2357]

hope obs takes this well, as al-waleed was also an investor in his hard rock chain

 

[maxsanic]

He does not have to be WB - it is well established in the ME that he is one of the best paymasters around and he just hires the best for whatever his endeavours are - he just fronts - that has been his strategy for the longest time.

That's not the point. There's no shortage of rich people willing to pay top dollars to attract the best people to work for them, but how many do you see who are incessantly promoted as a Warren Buffet equivalent? Alwaleed got touted as a so called middle eastern WB primarily due to his cozying up to western business elites and liberal media.

 

[eatshitndie]

That's not the point. There's no shortage of rich people willing to pay top dollars to attract the best people to work for them, but how many do you see who are incessantly promoted as a Warren Buffet equivalent? Alwaleed got touted as a so called middle eastern WB primarily due to his cozying up to western business elites and liberal media.

similarly, money can promote any 2-bit crooner to 6.9-platinum-wannabe entertainer. but at the end of it, the market is not buying it.

 

[gatehousethetinkertailor]

 

[Think_PAP]

Act Now Loong!

 

[Taksama_b_l]

Act Now Loong!

Fleeing Saudi Prince shot down before escaping with corrupt officials toward Yemen. Why LHL never shot down his siblilings' flights?

https://www.rt.com/news/408859-saudi-prince-helicopter-crash/

Saudi prince & officials killed in helicopter crash near Yemen border – state media
Published time: 5 Nov, 2017 20:34 Edited time: 5 Nov, 2017 23:46
Get short URL

FILE PHOTO © Faisal Al Nasser / Reuters
A Saudi Arabian prince, Mansour bin Muqrin, has been killed along with several other officials in a helicopter crash the near the country’s border with Yemen, local media reported.
A helicopter, with a group of Saudi officials on an inspection trip, crashed in the Asir Region in the country’s southwest, reports said.

عاجل:
.
وفاة الأمير منصور بن مقرن نائب عسير وعدد من المسؤولين الكبار بعد #سقوط_طائرة_مروحية_عسير أثناء عملهم.
.#وفاة_منصور_بن_مقرن_ومرافقيهpic.twitter.com/aQaA3fNFip

— أخبار السعودية (@SaudiNews50) November 5, 2017
The prince was serving as deputy governor of the southern province of Asir. He was a son of Muqrin bin Abdulaziz Al Saud, who briefly was Saudi Arabia’s crown prince from January to April 2015.

فيديو ..
.
العثور على حطام الطائرة التي تحطمت بالأمير منصور بن مقرن .
.#تحطم_طايره_مروحيه_عسير#وفاة_منصور_بن_مقرن_ومرافقيه
. pic.twitter.com/ScY8XacGGe

— أخبار السعودية (@SaudiNews50) November 5, 2017
The bodies of the deceased officials have been recovered, SaudiNews50 reported late Sunday, after posting a video of the recovery efforts.

Eight people were on board the helicopter, including the Undersecretary and the Secretary of the Asir Region, Al-Arabiya reported, citing sources. None are believed to have survived the crash.

Read more
‘Arabian Warren Buffett’ among those arrested in Saudi corruption crackdown – reports
The incident occurred as the officials were on their way back from an inspection trip to al-Saida al-Sawalha Center in the municipality of Mahail Asir, it added. A video, believed to be the last one of Prince Mansour alive, was released by the channel, showing him and accompanying officials boarding the helicopter.

The ruling Saud family were recently thrust into the spotlight in connection with a wide-ranging crackdown on corruption, unleashed Saturday by the new all-powerful anti-corruption committee led by Crown Prince Salman. Hours after it was established, the committee ordered the detention of 11 princes and four ministers, as well as a number of former ministers. Among those arrested are Minister of the National Guard Prince Miteb bin Abdullah and Economy Minister Adel Fakeih, both sacked by Saudi King Salman bin Abdulaziz Al Saud the same day. Another high-profile target of the corruption purge is billionaire prince Al-Waleed bin Talal, nicknamed the “Arabian Warren Buffet” for his investment skills. According to Forbes, the prince tops the list the Middle East’s richest with a net worth of some $18.7 billion.

Asir Region is located in the southwest of the country, bordering Yemen. The area has seen a number of cross-border retaliatory attacks from Yemen in recent months, reportedly leading to casualties among Saudi troops.

Saudi Arabia has been embroiled in the Yemeni conflict since March 2015 on behalf of ousted Yemeni President Mansour Hadi and against the Shi’ite Houthi rebels.

 

[gatehousethetinkertailor]

 

[steffychun]

Will Hongyi arrest daddy?

 

[mojito]

The Prince is overrated. The real prodigy is right here in Singapore. Her investment returns over 17 years far exceeds Buffett’s paltry returns!

 

[JohnTan]

Will Hongyi arrest daddy?

If the good Prime Minister requests of it, John Tan will personally arrest Low Thia Khiang and haul him before a magistrate in chains and wooden stock.

 

[steffychun]

If the good Prime Minister requests of it, John Tan will personally arrest Low Thia Khiang and haul him before a magistrate in chains and wooden stock.

I will make sure your cock in chopped off and incinerated.

 

[JohnTan]

RIYADH - Their detention centre may be the five-star Ritz-Carlton Hotel in Saudi Arabia's capital Riyadh.

But the Saudi princes arrested in the high-profile purge by King Salman bin Abdul Aziz on Saturday are not getting the luxury treatment they are used to, it seems.

A photo obtained by British tabloid Daily Mail apparently shows them sleeping on mattresses on the floor next to each other in a large function room in the hotel.

The tabloid cited sources saying one of them was billionaire investor Prince Alwaleed bin Talal, nephew of the king, whose net worth is estimated at US$18 billion (S$24.5 billion).

At least 11 princes, government ministers and businessmen are said to be detained in the room after the king ordered the arrest of nearly 20 of the richest and most influential men in the country in an unprecedented purge supposedly aimed at rooting out corruption. Some 38 officials were also taken in.

Reuters and the Wall Street Journal first reported that some of those arrested were being held at the hotel, which two weeks ago, had hosted 3,000 investors from around the world at an investment conference promoting Saudi Arabia as a destination for their money.

CNN said the 492-room hotel was fully booked until the end of November, and the hotel said it would only start taking reservations in December.

The news site also reported tweets saying guests were forced to leave the hotel over the weekend.

Reuters reported that the hotel's main gate was shuttered on Sunday morning and guards turned away a reporter, saying it had been closed for security reasons, although private cars and ambulances were seen entering through a rear entrance.

On Monday, the hotel's webpage said: "Due to unforeseen circumstances, the hotel's internet and telephone lines are currently disconnected until further notice."
The purge comes amid a widening crackdown on corruption by Crown Prince Mohammed bin Salman, who is aiming to dismantle Saudi's old system of patronage and kick-backs as he sets up as a new anti-corruption body and consolidates power.

Besides Prince Alwaleed, former Riyadh Governor Prince Turki bin Abdullah and former Finance Minister Ibrahim al-Assaf, a board member of national oil giant Saudi Aramco, were also detained on accusations of corruption, embezzlement and abuse of power.

Other detainees include ousted Economy Minister Adel Fakieh and Khalid al-Tuwaijiri, who headed the Royal Court under the late King Abdullah.

Reuters reported that Bakr bin Laden, chairman of the big Saudi Binladin construction group, and Alwaleed al-Ibrahim, owner of the MBC television network, were also arrested.

http://www.straitstimes.com/world/m...floor-of-their-ritz-carlton-hotel-jail-report

 

[eatshitndie]

long time cumming. i’ve been sleeping on a floor mattress for years and found it humbling and down-to-earth (no pun intended).

 

[virus]

hope u enjoyed changi hotel