In Shocking Purge, Saudi King Arrests Billionaire Prince Bin Talal, Dozens Of Others In Cabinet Crackdown

Tyler Durden's picture

In a shocking development, late on Saturday the Saudi press reported that prominent billionaire, member of the royal Saudi family, and one of the biggest shareholders of Citi, News Corp. and Twitter - not to mention frequent CNBC guest - Al-Waleed bin Talal, along with ten senior princes, and some 38 ministers, has been arrested for corruption and money laundering charges on orders from the new anti-corruption committee headed by Crown Prince Mohammed bin Salman, while Royal princes’ private planes have been grounded.

Among those fired and/or arrested are the head of National Royal Guards, Miteb Bin Abdullah, the Minister of Economy and Planning, Adel Fakeih, and Admiral Abdullah bin Sultan bin Mohammed Al-Sultan, the Commander of the Saudi Naval Forces.

As the local press further adds, the supreme committee chaired by Crown Prince and billionaire stops "on charges of money laundering."

al-Waleed bin Talal is perhaps best known not only for his periodic CNBC appearances, but for his recurring on and off spats with president Trump:

According to al Arabiya, among those sacked and/or arrested are Moteib Bin Abdullah, Minister of the National Guard, and Prince Khalid bin Ayyaf has been appointed as his replacement. A second Royal Order was issued to relieve Minister of Economy and Planning, Adel al-Faqieh, from his duties, and the appointment of Mohammed Al Tuwaijri as Minister of Economy and Planning.

According to a Royal Decree issued by King Salman on Saturday the anti-corruption committee is chaired by the Crown Prince with the membership of: Chairman of the Monitoring and Investigation Commission, Chairman of the National Anti-Corruption Authority, Chief of the General Audit Bureau, Attorney General and Head of State Security.

As Saudi analysts were quick to point out, the purge by the Saudi King means that King Abdallah’s last remnants (Riyad firmer gov. & head of Nat. Guard); media moguls; SAGIA & financial policy officials have been purged.

As Bloomberg notes, changing the head of the National Guard, an institution that’s been controlled by the clan of the late King Abdullah, “is not like changing the minister of oil,” said Kamran Bokhari, a senior analyst with Geopolitical Futures and a senior fellow with the Center for Global Policy. “I wouldn’t be surprised if this leads to greater fissures within the royal family.”

Arabiya adds that King Salman also issued sacking and replacement orders for Admiral Abdullah bin Sultan bin Mohammed Al-Sultan, the Commander of the Naval Forces, is to be terminated and be retired; his replacement is Vice Admiral Fahd bin Abdullah Al-Ghifaili, to be promoted to the rank of admiral and be appointed as Commander of the Naval Forces.

Additionally, Minister of Economy and Planning Adel al-Faqieh was replaced by Mohammed al-Tuwaijri, SPA said, quoting a royal decree. Commander of the Saudi Navy, Abdullah al-Sultan, was replaced with Fahad al-Ghafli. The king also replaced Minister of Economy and Planning Adel Fakeih withMohammad Al Tuwaijri, his deputy.

Al Tuwaijri, formerly vice minister for economy and planning, had already played a key role in shaping Saudi economic and fiscal policy over the past year. Before joining the government in May 2016 he was Middle East chief executive for HSBC. He’s served as a frequent spokesman for the government’s economic reform plan on TV and with Western journalists.

King Salman also issued an decree forming an anti-corruption committee headed by the crown prince. Its powers include the ability to trace funds and assets, and prevent their transfer or liquidation on behalf of individuals or entities, along with the right to take any precautionary actions until cases are referred to relevant investigatory or judiciary authorities, according to a government statement.

The committee’s formation was deemed necessary “due to the propensity of some people for abuse, putting their personal interest above public interest, and stealing public funds,” the Royal Order said.

Some more cynical observers noted how MBS is quickly learning from XIi Jinping "how to get rid of enemies under justification of "corruption commission" & place "friendlies" in high places."

Others arrested include Walid bin Talal; Khaled Tuweijri; AlWalid Ibrahim; Turki Bin Naser; and others.

Putting the arrests in context, the heads of the main three Saudi owned TV networks were arrested, Alwalid Bin Talal (Rotana), Walid Al Brahim (MBC), Saleh Kamel (ART)

As Bloomberg adds, Saudi King Salman appointed a former HSBC banker to head the country’s economy ministry and removed one of the royal family’s most prominent princes from as head of the National Guard. Separately, a number of Saudi princes and former ministers were arrested by authorities hours after the announcement of a new anti-corruption committee, with sweeping powers and headed by Crown Prince Mohammed bin Salman, the Saudi-owned Al Arabiya news service reported.

Prince Miteb, son of the late King Abdullah, was replaced as minister of the National Guard by Prince Khaled Ayyaf, according to a royal decree carried by state-run media late Saturday. Before his ouster, Prince Miteb was one of the few remaining senior princes to have survived a series of cabinet reshuffles that promoted allies of the crown prince, who is the king’s son and heir to the throne.

 

King Salman has sidelined other senior members of the royal family to prevent any opposition to the crown prince. Prince Mohammed, 32, replaced his elder cousin, Muhammed bin Nayef, as crown prince in June, a maneuver that removed any doubt of how succession plans will unfold following the reign of King Salman, now 81.

While details remain scarce about this "Saturday of the long Saudi knives" - which some have suggested may be a countercoup attempt -  DPA confirms the Al Arabiya report that three senior state officials were sacked.

Salman relieved Prince Moteib bin Abdullah of his post as minister of the National Guard, replacing him with Khaled bin Ayaf, the official Saudi news agency SPA reported. Additionally, Minister of Economy and Planning Adel al-Faqieh was replaced by Mohammed al-Tuwaijri, SPA said, quoting a royal decree. Commander of the Saudi Navy, Abdullah al-Sultan, was replaced with Fahad al-Ghafli.

No official explanation was given for the sackings.

 

In recent months, the Saudi monarch has carried out a string of reshuffles appointing young people in senior state posts. In June, Salman ousted his nephew as the crown prince and appointed his son Mohammed to become the first in line to succeed him. The monarch on Saturday ordered the creation of an anti-corruption committee led by the crown prince amid a rumoured crackdown on suspected tainted officials and royals. Mohammed, 31, is seen as the driving force behind opening up the ultra-conservative country to the outside world and weaning its economy off oil.

Furthermore, there is speculation that all private flights and VIP departures out of Saudi Arabia have been suspended temporarily, similar to what happened following the last "gentle coup" in June when Prince Mohammed (MBS), 32, replaced his elder cousin, Muhammed bin Nayef, as crown prince in June, a maneuver that removed any doubt of how succession plans will unfold following the reign of King Salman, now 81.

According to the AngryArab blog, the removal of Prince Miteb bin Abdullah as head of the National Guard, means that "this is the first time that the National Guard is not in the hand of Abdullah or his son."

That put all apparatus of the military-intelligence network in the hands of Muhammad bin Salman.  News that Al-Walid bin Talal has been arrested and accused of money laundering.  This could be a service to Trump, who hates Al-Walid: the two fought it out on twitter during the campaign although Al-Walid tried to reconcile with Trump after his election but to no avail. 

Bin Talal's arrest and the government reshuffle caps off a bizarre day for Saudi newsflow, which started with the resignation of Palestinian prime minister Saad al-Hariri, who announced he was quitting due to fears of an assassination plot, allegedly organized by Iran, followed shortly after by the Saudi defense forces intercepting a ballistic missile as it was about to strike the capital Riyadh.

To summarise today's even more bizarre Saudi news day:

  • Trump urges Aramco IPO
  • Lebanon PM resigns
  • Saudis intercept missile
  • Major cabinet reshuffle; 3 Saudi princes - who run the anti-graft committee - arrested for money-laundering
  • A total of 11 princes, >30 ministers arrested on corruption

This is a developing story.

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y3maxx's picture

Purge continues. across the Globe.....Dem's are next.

beemasters's picture

Arresting family members for "money laundering" when you own the government? Call it as it is..."a family power struggle"

Pladizow's picture

Should have used Bitcoin.

eatthebanksters's picture

The only question is will it be one swing of the sword, or two or three.

serotonindumptruck's picture

I've watched several of those Saudi execution videos.

A Western man could shave his face with those blades.

One strike, and it's over.

In medieval times, when execution was carried out with a large axe, it often required several strikes from the executioner to sever the head from the body.

These minor details are generally omitted from most history lessons.

ACP's picture

Oh no, not the Dopey Prince!

Now they're going to go after Sneezy, Grumpy, Bashful...

peddling-fiction's picture

It's on like Donkey Kong.

<...nothing lasts forever...in the cold November rain...>

J S Bach's picture

For you oldsters... the guy looks like a mating of Fredo Corleone and Dennis Weaver, eh?

Dormouse's picture

It's happening! Dismantling CIA deep state criminals, around the world. Hillary just shit her Depends, again. Expect big arrests this week everywhere. JK secret mission to Saudi Arabia last week. DJT on a 2 week tour that includes 4 Carrier Groups after a visit to Pearl Harbor, symbolism fuckers. You traitorous scum are FUCKED! Fucked, I tell you!

J S Bach's picture

Just chill a little, Dormouse.  I like your enthusiasm, but we're dealing with the princess of darkness here.  She has many familiars which, thus far, have shielded her and her most chaste spouse from the long arm of the law.  Like you, I hope and believe, that their eventual comeuppance is nigh.  Patience... patience.

SethPoor's picture

He looks just like my coke connection.

jcaz's picture

Epic- I was with Citi in the 90's when they were sucking this clown's ass,  I told them he was smoke and mirrors, but they didn't want to hear it-  they wanted to ride the magic carpet with this guy- only took 25 yrs to out this fuck......

BaBaBouy's picture

Hmmm Lets See ... 2 Day Closed Door Trial by 1 Judge and they get their Heads Chopped Off Saudi Style ? ? ?

IH8OBAMA's picture

You know what this means, don't you?  If one billionaire can be arrested then Soros can be arrested!

Somebody, please, arrest George Soros.

 

Clashfan's picture

Now I'm not one to go round spreading rumors, but some on the internet just logged onto their intranets and swore that this dude, this Prince whatever owned the top floors of the Mandalay (likely true) and was involved w/the pedo kid smuggling/trading (believable at least) and that this is connected to arrests for both Podestas and Hillary--arrests as in they are ordered to report--Tony has, John on the Run, Hitlery to turn herself in Monday. Those later allegations I do not believe, but I figured someone on here might have seen them and be discussing/refuting them. So I'm looking.

Hey, it's Saturday night, full mooon, and I've had a few beers. Hopefully I'll refrain from posting some Clash links.

Manthong's picture

 

All- Aweed……

I did that back in the ‘60's

Oh gosh… now that the brain cells are kicking in, it actually was All-Hashish.

..I spent a few years a little north of Morocco.

 

Clashfan's picture

My nickel mints exactly--er, my cent-iments.

Saw this on the 3rd? Kind of spits at the narrative I'm seeing kicked around. Would like to believe it but don't.

 

My fellow Americans, over the course of the next several days you will undoubtedly realize that we are taking back our great country (the land of the free) from the evil tyrants that wish to do us harm and destroy the last remaining refuge of shining light. On POTUS’ order, we have initiated certain fail-safes that shall safeguard the public from the primary fallout which is slated to occur 11.3 upon the arrest announcement of Mr. Podesta (actionable 11.4). Confirmation (to the public) of what is occurring will then be revealed and will not be openly accepted. Public riots are being organized in serious numbers in an effort to prevent the arrest and capture of more senior public officials. On POTUS’ order, a state of temporary military control will be actioned and special ops carried out. False leaks have been made to retain several within the confines of the United States to prevent extradition and special operator necessity. Rest assured, the safety and well-being of every man, woman, and child of this country is being exhausted in full. However, the atmosphere within the country will unfortunately be divided as so many have fallen for the corrupt and evil narrative that has long been broadcast. We will be initiating the Emergency Broadcast System (EMS) during this time in an effort to provide a direct message (avoiding the fake news) to all citizens. Organizations and/or people that wish to do us harm during this time will be met with swift fury – certain laws have been pre-lifted to provide our great military the necessary authority to handle and conduct these operations (at home and abroad).

Clashfan's picture

The people who are believing it aren't trolls exactly but more like folks who follow and believe in 4Chan, so.... we'll see I suppose.

 

Manthong's picture

 

I will be a believer when the UK bombs stop falling in Yemen.

 

jeff montanye's picture

when israel apologizes for 9-11?

be happy tony t. podesta gonna be arresta.

sleigher's picture

Have been following most of the threads on /pol, and still have not seen evidence of T. Podesta arrest even though they have said it happened.  Media blackout was the deal...  I dunno...   No special cryptic tweets from POTUS either...  Is this related?  Could be.  We wait...

Captain Nemo de Erehwon's picture

Anything starting with "In a shocking development, late on Saturday" reminds me of Sister Clara's "In a shocking report going around the Kremlin ..." where everything starts to make sense when you read the footnote which says "the word Kremlin (fortress inside a city) as used in this report referes to Russian citadels, including in Moscow, having catherdras wherein female monks reside". Maybe Sister Clara will connect everything ...hmm...already has ...as in "Deep State" Bloodbath Moves to Saudi Arabia as Trump-NSA Forces Continue Rampage".

Nobody For President's picture

AND daylight savings time ends reeeeeal soon.

WillyGroper's picture

he's dead, dummy.

what?  dig him up & arrest him?

t0mmyBerg's picture

And Citi was saved to save this guys ass.  It chaps MY ass that American politicians used the American taxpayer to save this guys fortune when Citi shit the bed.  And then CNBC has him on all day giving his opinions on Bitcoin.  Honestly who tf cares what his opinions are about anything.

 

I dont know the behind the scenes machinations going on masked or included in this rounding up by the Arab Scum Kingdom but the thought of him taking it up the ass while in a Saudi prison does bring a smile to my lips.

Dormouse's picture

Alwaleed owns the top floors of the Mandalay Bay Casino. You connect the dots! Then join me on the balcony with your Flag to scream America, Fuck Yeah to the whole world. Shit is happening NOW, bigly.

813kml's picture

This guy has an interesting take on the Saudi crackdown, maybe Trump made a sweet deal:

https://twitter.com/Imperator_Rex3/status/926939400990113792

Vigilante's picture

I would hazard El Presidente had something to do w/this.

Ditto for the Hwood exposes lately.

 

MEFOBILLS's picture

Iti is interesting.  Note also the the new prince is pivoting Saudi away from oil dependence and planning development, something like what China is doing.

 

https://www.bloomberg.com/news/articles/2017-10-24/saudi-arabia-to-build...

 

The Mega City project will include other countries.

WallHoo's picture

I have a feeling that this is going to be a megabullshit scheme...You dont have to build a 500 billion city in order to industrialise...

 

At first glance this project looks like a (((anarcho capitalist paradise))) at worst or a dellusional megalomaniac attempt that is going to devastate the kingdom and drain it from its long earned savings(deliberately or not) at best...

 

I mean even if there is some genuine thought in it,you cannot possibly house industry in a place were it is "self sustaining" and is powered by "clean energy".

 

It smells bullshit from a far...Why dont the saudis just build some god damn factories in their own cities anyway??

Overfed's picture

Thanks for posting that. I hope it's true.

house biscuit's picture

+1 for the sober post & possibly useful link

.....in a thread that's otherwise been more hysterical than a gaggle of drunken fatties on chippendale's night out

andypaps28's picture

MGM Resorts International own the Mandalay. They have over 600 institutional investors none explicitly linked to Alwaleed. However he does have an option, like most of the Saudis do to take control of the top floor whenever he wants - probably a 14 days notice needed. He pays a retainer for this whether it gets used or not. Nearly all the top hotels in Vegas have these type of agreements.

andypaps28's picture

MGM Resorts International own the Mandalay. They have over 600 institutional investors none explicitly linked to Alwaleed. However he does have an option, like most of the Saudis do to take control of the top floor whenever he wants - probably a 14 days notice needed. He pays a retainer for this whether it gets used or not. Nearly all the top hotels in Vegas have these type of agreements.

I Feel a little Qeasy's picture

A brand of cake in Turkey, also slang for a homosexual.

Freddie's picture

The Clintons, Bushes and Obola are all See Eye A.  I really doubt Hillarity will get fingered (eww).

They killed JFk and tried to kill Reagan.  Those were Poppy Bush ops. One thing that is interesting is Donna Brazille.  She said she got scared when Seth Rich was killed.   sadly - I think Session will do nothing.;   Bill Clinton is a evil shitbord but he was smart in firing all US attorneys when he was inauguarted.  Trump should have done that.

I guess Bin Tal was overweight in Apple and Citi plus his Tesla position looks shaky.  Douchebag.  I hope he loses his head.

fattail's picture

I love how the anti-corruption purge ends with the appointment of an HSBC banker.  LOL.

http://www.dailymail.co.uk/news/article-3685885/George-Osborne-pressured...

 

Dame Ednas Possum's picture

I just spent the last 2 weeks in Riyadh.

MBS is a real moderniser, relative to the old guard. The younger generations are very excited about the future, and the population of KSA is very young (like >50% under 25 y.o.).

I sat in ‘Tokyo’ restaurant with colleagues one evening with a table full of affluent young ladies beside us unchaperoned... hair and faces with make-up showing, all very glamorous and plotting their new car purchases no-doubt.

A film festival was held there recently and the ban on cinemas is being lifted.

The religious police have had their wings clipped too.

This might not sound like much to you, and sure - they’re not about to host Woodstock... but the winds of change are blowing.

dogismycopilot's picture

@DEP

Funny you mention that. have a friend who just returned from a consulting contract with a major Saudi government owned business.

They are going to attempt to re-train the entire staff (thousands). Any of the 'old guard' who don't get with the new program are going to get thrown out on their ass no matter what their seniority. 

MBS is not fucking around is the word on the street. 

dogismycopilot's picture

@DEP

Funny you mention that. have a friend who just returned from a consulting contract with a major Saudi government owned business.

They are going to attempt to re-train the entire staff (thousands). Any of the 'old guard' who don't get with the new program are going to get thrown out on their ass no matter what their seniority. 

MBS is not fucking around is the word on the street. 

Golden Showers's picture

That's really cool to hear. I'm not being sarcastic. I think that is awesome. It's good news. Very interesting with such a young population. Saudi Arabia.

No doubt there are concessions made in Saudi Arabia. A little modernizing. A little western push. But I don't understand why. Is it internal? I would imagine. No one in the US cares what happens in Saudi Arabia. For that matter, why is it called "Saudi" Arabia. There is no other country called "Arabia" but there is the "House of Saud". Like it's a special plantation. Just don't forget who's "Arabia" it is... It's "Saudi" Arabia.

Does this change the fact that the Saudis are Wahabi fundamentalists? I mean, top down. Or is it just the fact that it's easier to enhance your selective reproductive success when you can see more than a woman's ankles?

Don't get me wrong. Men are shit. I'm a man and I'll admit it. But I am a man and not a dumb ass sperm donor woman beater wahabi piece of shit with a moustache and a mole.

So when you go to SA do you wear a moustache, a mole, or both? What makes you special there and can you rent a car?

I'm just asking. I'd really like to know. I'm fascinated. I'm not being a dick to you. I'm speaking English.

I knew this dude pizza delivery driver from Jordan 25 years ago. I asked him if he dreams in English and he said, sometimes. So tell us more. No disrespect. I'm not like that.

Clashfan's picture

Several sources of credible allegations exist that the Saudi royals are cryptos.

Bloody Fkn Muppet's picture

Disclaimer: All below are generalities, I'm not Saudi or Muslim so these are my outsider views over almost a decade in the area.

The region is 'Arabia', which is where Arabs come from, so a Qatari is as Arab as a Saudi.

Saudis don't like being called Wahabi and prefer Salafi, which is because generally it's correct. There is a range of beliefs and conservatism, some will like to party and drink, others are much more conservative.

Apparently before 1979 the place was much more liberal, have a look at events then to see why the Royals went full retard. To make sure they stayed in power they got the most fundemental nutjobs to help, giving them a lot of power. Almost forty years later it's finally safe to reverse that.

Saudis generally have arranged marriages, often not seeing their bride until after the ceremony, so dating is generally not the same as you or I would enjoy.

I have neither a moustache or mole, lol.

On a full working visa (renewable annually) you need a Saudi license which are ridiculously easy to get, on a business visa (short term) an international license.

Apparently Riyadh was bombed last night. I work next to the Saudi Air Force base and have seen no extra activity, but I work with young chaps from the Strategic Missile Defence so when I see them later, will ask if they're allowed to report anything (they're usually very tight-lipped abiout their jobs).

jin187's picture

It probably has more to do with Salman seeing the writing on the wall. Countries like SA are going to be doomed in the future. Selling oil no one wants, with anti-freedom, inhumane, discriminatory policies no one approves of, besides the beneficiaries of their fascist Disneyland. Their economy will dry up faster than a puddle in the desert once whitey doesn't need anything from them anymore. Better to start balancing out the economy, and integrating with the rest of the world now, rather than waiting until they're already screwed.

ZH Snob's picture

perhaps.   but she's become too toxic and knows WAY too much.

we all know what happens to someone in that position.