Corruption 'purge' in Saudi sees princes and wealthy business leaders detained

Corruption 'purge' in Saudi sees princes and wealthy business leaders detained

In a stunning move that observers see as further proof that Saudi Arabia is undergoing a major transformation under the influence of the 32-year-old son of its leader, King Salman, at least 11 members of the royal family and dozens of senior officials and prominent businessmen have been arrested, in what is being described as an anti-corruption move. Among them is said to be Prince Alwaleed bin Talal, a billionaire investor in such companies as Twitter and Citigroup sometimes known as the ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?