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, 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.
There is widespread speculation, denied by officials, that King Salman intends to abdicate to his son, Crown Prince Mohammed, who is quickly learning from XIi Jinping how to get rid of enemies through socalled "corruption commissions" and place "friendlies" in high places.
King Salman, now 81, has sidelined other senior members of the family to prevent any opposition to the new crown prince, Prince Mohammed, 32, (who in June replaced his cousin, Muhammed bin Nayef), removing any doubt over who will succeed him.
There's more to come, so sit back, open a Pepsi, and enjoy a pork pie.
