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Royal purge sends shockwaves through Saudi Arabia’s elites

Move consolidates power of Prince Mohammed bin Salman as he attempts to reform kingdom’s economy and..

By admin , in Money , at November 5, 2017

Move consolidates power of Prince Mohammed bin Salman as he attempts to reform kingdom’s economy and society

Saudi Arabia’s leadership has pulled off its boldest move yet to consolidate power around its young crown prince, Mohammed bin Salman, arresting 11 senior princes, one of the country’s richest men and scores of former ministers in what it billed as a corruption purge.

The move sidelined at least 20 senior figures, among them outspoken billionaire, Prince al-Waleed bin Talal, sending shockwaves through the ranks of the kingdom’s elites, who had long viewed senior royals as immune.

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