Future Saudi king tightens grip on power with arrests including Prince Alwaleed


  • World
  • Sunday, 05 Nov 2017

FILE PHOTO - Saudi billionaire Prince AlWaleed bin Talal looks on during a news briefing in Manama, May 8, 2012. REUTERS/Hamad I Mohammed/File Photo

RIYADH (Reuters) - Saudi Arabia's future king has tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors including billionaire Alwaleed bin Talal who is one of the kingdom's most prominent businessmen.

Prince Alwaleed, a nephew of the king and owner of investment firm Kingdom Holding <4280.SE>, invests in firms such as Citigroup and Twitter . He was among 11 princes, four ministers and tens of former ministers detained, three senior officials told Reuters on Sunday.

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