Saudi billionaire Prince AlWaleed bin Talal looks on during a news briefing in Manama, May 8, 2012. (Reuters file photo)RIYADH, Saudi Arabia: Prince Alwaleed bin Talal, the Saudi billionaire with significant stakes in Citigroup Inc and Twitter Inc, was arrested by Saudi Arabian authorities as part of an anti-corruption purge in the kingdom, according to a senior Saudi official. Alwaleed was among 11 princes and 38 current or former senior officials that were arrested on orders from a newly established anti-corruption committee headed by Crown Prince Mohammed bin Salman, the official said, asking not to be identified. A spokesman for the prince’s Kingdom Holding didn’t immediately respond to calls and emails seeking comment. His Kingdom Holding has held the stock since 1991, according to its website, a span that included a 98% plunge during the financial crisis.

Source: Bangkok Post November 05, 2017 07:07 UTC