Saudi billionaire Prince Alwaleed detained in corruption inquiry

FILE PHOTO - Saudi Prince Al-Waleed bin Talal attends a news conference in Riyadh, Saudi Arabia August 30, 2009. REUTERS/Fahad Shadeed/File Photo

FILE FOOTAGE OF PRINCE ALWALEED BIN TALAL DURING INTERVIEW

RESENDING WITH COMPLETE SCRIPT

SHOWS: RIYADH, SAUDI ARABIA (FILE – MAY 6, 2013) (REUTERS – ACCESS ALL)

1. PRINCE ALWALEED BIN TALAL SEATED AT HIS OFFICE IN KINGDOM TOWER

2. PRINCE ALWALEED TALKING

3. ALWALEED’S PICTURE ON FRONT PAGE OF BOOK

4. PRINCE ALWALEED TALKING

5. PICTURE OF ALWALEED ON FRONT PAGE OF BUSINESS MAGAZINE

STORY: Saudi authorities detained one of the kingdom’s most prominent businessmen and the head of the National Guard in a sweeping anti-corruption inquiry that gives Crown Prince Mohammed bin Salman more authority.

Billionaire Prince Alwaleed bin Talal, who owns investment firm Kingdom Holding , was among 11 princes, four ministers and tens of former ministers detained, two senior Saudi officials told Reuters on Sunday (November 5).

Prince Alwaleed is also an investor in firms such as Citigroup and Twitter.

News of the purge came in the early hours of Sunday after King Salman decreed the creation of a new anti-corruption committee chaired by his 32-year-old son Prince Mohammed, who has swiftly amassed power since rising from obscurity less than three years ago.

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About Xuseen Axmed 1521 Articles

Former somalia247.com reporter and currently mareeg media representative in Somalia