Royal Saudi Shakedown: Riyadh Nets Over $106 Billion In Purge (video)

Riyadh nets over $106bn in purge

Financial Times (ft.com) video above published Jan 31, 2018: The Kingdom of Saudi Arabia has accepted real estate, commercial entities, securities and cash in settlements from individuals after anti-corruption crackdown that targeted hundreds of people, including princes and some of the kingdom’s wealthiest businessmen. See also Ritz in Riyadh Opens to Public After Saudi Purge | Bloomberg.com Feb 11, 2018: Princes, billionaires and officials were held at the hotel--Authorities reaped more than $100 billion in settlements.

Update: Relax and invest, Saudi prince tells investors after corruption crackdown | Reuters.com Feb 20, 2018.

Editor's note: Mohammad bin Salman (MBS) is the Crown Prince (since 21 June 2017) of Saudi Arabia.
Kingdom Shares Recover From Shock of Prince Alwaleed's Detention | Bloomberg.com"After being detained for more than two months, he’s out. And Prince Alwaleed’s Kingdom Holding Co. shares surged back to where they were before Saudi Arabia started its crackdown on corruption last year."
Kingdom Holding Company investments include a significant investment in Twitter (NYSE: TWTR)(domain: Twitter.com) held since 2011.

Principal domain: kingdom.com.sa

Al-Waleed bin Talal quotes:
  • If I'm going to do something, I do it spectacularly or I don't do it at all.
  • Nowadays, anyone who cannot speak English and is incapable of using the Internet is regarded as backward.

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