News of arrests came early on Sunday after King Salman decreed creation of an Anti-Corruption committee chaired by Crown Prince Mohammed, his 32-year-old favourite son who has amassed power since rising from the obscurity three years ago.
Saudi Arabia has arrested dozens of Princes and the Former Govt. Ministers, including a well-known billionaire with the extensive holdings in the Western companies like Twitter and Apple as part of a sweeping anti-corruption probe this will further help in cementing King Salman and his crown prince son’s control over the Kingdom.
A high-level employee at the Prince Alwaleed bin Talal’s Kingdom Holding Company stated that Royal was among those detained overnight on Saturday.
Prince Alwaleed is one of the Middle East’s richest people, with investments in Twitter, Apple, Rupert Murdoch’s News Corp., Citigroup, and Four Seasons, Fairmont and Movenpick Hotel chains.
Prince Alwaleed is an investor in the ride-sharing services like Lyft and Careem, both them are competitors to Uber in U.S. and Middle East.
Prince has often been pictured on his multimillion dollar 85.65-metre (281 foot) superyacht in Mediterranean, is known for being among most outspoken Saudi royals, who has been long advocating for the women’s rights.
Kingdom’s Top Council of Clerics issued a statement stating that it is an Islamic duty to fight the corruption essentially giving the religious backing to the High-Level arrests being reported.
The Saudi Twitter accounts have released the names of several high-ranking Princes, including a prominent and powerful son of late King Abdullah, Prince Miteb bin Abdullah, who was removed from his post as Head of the National Guard overnight.