A new Saudi anti-corruption committee headed by Crown Prince Mohammed bin Salman, has detained 11 princes, four sitting ministers and dozens of former ministers.

The committee has announced fresh investigations into the 2009 Jeddah floods and the outbreak of the Middle East Respiratory Syndrome (MERS) virus, which emerged in Saudi Arabia in 2012.

According to media reports, the committee has been given the authority to investigate, arrest, ban from travel, disclose and freeze accounts and portfolios, track funds and assets of individuals involved in corruption.

The Saudi Economy and Planning Minister, Adel bin Mohammed Faqih and National Guard Minister, Prince Miteb bin Abdullah bin Abdulaziz were also sacked.

Eleven princes including prominent billionaire investor, Prince Alwaleed bin Talal and dozens of current and former ministers were arrested in Saudi Arabia after the formation of an anti-corruption committee by King Salman bin Abdulaziz Al-Saud.

The three ousted ministers were replaced, with Prince Khalid bin Abdulaziz bin Mohammed bin Ayyaf Al Muqren becoming National Guard minister, Mohammed bin Mazyad Al-Tuwaijri becoming the Economy and Planning Minister, and Vice Admiral Fahd bin Abdullah Al-Ghifaili taking on the role of Naval Forces Commander.

Prince Alwaleed bin Talal is seen leaving the High Court in London in this July 2, 2013 file photograph. A billionaire Saudi prince lost a London court battle on July 31, 2013 when a judge ordered that he should pay a $10-million commission linked to the sale of a luxurious private jet to former Libyan leader Muammar Gaddafi. The High Court ruling is an embarrassment for Prince Alwaleed bin Talal, a nephew of Saudi Arabia’s King Abdullah, who gave evidence in person for two days at the trial earlier this month.
REUTERS/Neil Hall/Files (BRITAIN – Tags: BUSINESS CRIME LAW SOCIETY ROYALS)

Prince Alwaleed bin Talal
According to reports, Prince Alwaleed’s arrest is expected to send shockwaves both through the Kingdom and the world’s major financial centers as he controls the investment firm Kingdom Holding and is one of the world’s richest men, with major stakes in News Corp, Citigroup, Twitter and many other well-known companies.
The prince also controls satellite television networks watched across the Arab world.

The arrests are being viewed as the latest move to consolidate the power of Crown Prince Mohammed bin Salman, the favorite son and top adviser of King Salman.

Source: http://www.newsmobile.in/articles/2017/11/05/saudi-crown-prince-anti-corruption-group-arrests-11-princes-including-billionaire-bin-talal/

Quote by the Prince

"We seek to be proud of our country, and allow the latter to contribute to the development of the world, whether on the economic, environmental, civilisational, or intellectual levels."