Anti-Corruption Sweep in Saudi Arabia

The Story:

Officials of the Kingdom of Saudi Arabia arrested eleven princes of the extended royal family on Saturday, November 4, purportedly as part of an anti-corruption campaign. Most analysts believe that the driver of the sweep was the desire of King Salman and his heir, Prince Mohammed, to consolidate power into their own hands.

A Family Affair:

Salman bin Abdulaziz Al Saud became King in January 2015 upon the death of his half-brother, King Abdullah. More than two years later King Salman made his son, Mohammed bin Salman, the Crown Prince, that is, his heir.

The Thing to Know:

The most prominent of the princes arrested Saturday was Alwaleed bin Talal, a man with a personal fortune of more than $18 billion, and the CEO of the Kingdom Holding Company.


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