Billionaire Alwaleed Arrested in Saudi Corruption Crackdown
- King’s nephew holds stakes in Citigroup, Twitter, Apple
- Alwaleed has expressed support for monarch in the past
Prince Alwaleed Bin Talal Arrested in Saudi Crackdown
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Prince Alwaleed bin Talal, the billionaire with significant stakes in Citigroup Inc. and Twitter Inc., was arrested by Saudi Arabian authorities as part of an anti-corruption purge in the kingdom.
Alwaleed was among 11 princes and 38 current or former senior officials that were arrested on orders from a newly established anti-corruption committee headed by Crown Prince Mohammed bin Salman, according to a senior Saudi official who spoke on condition of anonymity. Alwaleed, 62, was picked up from his desert camp, the official said. Authorities didn’t disclose the allegations that prompted the arrests.
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Billionaire Alwaleed Arrested in Saudi Corruption Crackdown