Saudi Squeeze on Alwaleed Has More at Stake Than Money
The motive behind Crown Prince Mohammed bin Salman’s purge might become clearer soon.
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Almost two months into it, Saudi Arabia's crackdown on corruption is yielding at least some of the $100 billion the kingdom is targeting. Dozens of former officials and businessmen have exchanged part of their wealth for freedom.
But in the increasingly drawn-out case of Prince Alwaleed bin Talal, the public face of the Saudi royal family to many foreign executives and investors, there's more at stake than taking over his global business empire and talks on a settlement have hit an impasse.