Saudi Arabia has arrested dozens of princes and former government ministers, including a well-known billionaire with extensive holdings in Western companies, as part of a sweeping anti-corruption probe, further cementing King Salman and his crown prince son’s control of the kingdom.
A high-level employee at Prince Alwaleed bin Talal’s Kingdom Holding Company told The Associated Press that the royal was among those detained overnight on Saturday.
The employee said he received calls from several security bodies notifying him of the arrest. The employee spoke on condition of anonymity due to fear of repercussions.
Prince Alwaleed is one of the Middle East’s richest people, with investments in Twitter, Apple, Rupert Murdoch’s News Corp., Citigroup, and the Four Seasons, Fairmont and Movenpick hotel chains. He is also an investor in ride-sharing services Lyft and Careem, both competitors to Uber in the U.S. and the Middle East, respectively.