The reshuffling occurred as Saudi King Salman swore in new officials to replace those arrested in the sweeping anti-corruption probe. Prince Alwaleed is accused of money laundering, bribery and extorting officials, an official told Reuters on Sunday. The billionaire is the chairman of Kingdom Holding Co., which lost 7.5 percent in trading Sunday. Kingdom Holding does not currently own significant stakes in 21st Century Fox. Alwaleed is known to have invested through his fund, Kingdom Holding, in Apple, Lyft, Twitter and other high-profile companies.

Source: Fox News November 06, 2017 16:03 UTC