Saudi Arabia Arrests 11 Princes, Including Billionaire Alwaleed bin Talal

RIYADH:Saudi Arabia announced the arrest of the prominent billionaire investor Prince Alwaleed bin Talal, plus at least 10 other princes, four ministers and tens of former ministers.All were caught up in a zealous sweep organized by a new anti-corruption committee helmed by 32-year-old Crown Prince Mohammed bin Salman, whose rapid rise and consolidation of power has raised eyebrows in the kingdom and around the world.The official Saudi news agency Al Arabiya explained that Crown Prince Mohammed bin Salman’s “anticorruption committee has the right to investigate, arrest, ban from travel, or freeze the assets of anyone it deems corrupt.”The king had decreed the creation of a powerful new anti-corruption committee, headed by the crown prince, only hours before the committee ordered the arrests.