Saudi Arabian security forces have arrested billionaire Twitter shareholder and fierce critic of United States President Donald Trump, Al-Walid bin Talal, for alleged corruption and money laundering.
Reports from Saudi Arabia suggest 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.
Saudi press Al Mayadeen reported late on Saturday that the prominent billionaire, member of the royal Saudi family, and one of the biggest shareholders of Citi, News Corp. and Twitter – as well as frequent CNBC guest – along with 11 senior princes, and over 30 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.
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.
Trump had in 2015 tweet described al-Waleed as a “dopey Prince” who wanted to control American politicians with his father’s money.
He added a sinister line: “Can’t do it when I get elected.”
Curiously, Trump’s son-in-law, Jared Kuahner, was in the Saudi capital, Riyadh, on Saturday in what was suspected to be a last-ditch effort to stop the ourge but failed.
The shocking developments coincided with the interception by Saudi forces of a missile fired by Houthi rebels in Yemen.
Saudi Arabia in a swift retaliation fired a missile at the Yemeni Defence Ministry.
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.