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  1. #1
    Thailand Expat misskit's Avatar
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    Saudi Arabia Arrests 11 Princes, Including Billionaire Waleed bin Talal

    LONDON — Saudi Arabia announced the arrest on Saturday night of the prominent billionaire investor Prince al-Waleed bin Talal, plus at least 10 other princes, four ministers and tens of former ministers.


    The announcement of the arrests was made over Al Arabiya, the Saudi-owned satellite network whose broadcasts are officially approved.


    The sweeping campaign of arrests appears to be the latest move to consolidate the power of Crown Prince Mohammed bin Salman, the favorite son and top adviser of King Salman.


    The king had decreed the creation of a powerful new anticorruption committee, headed by the crown prince, only hours before the committee ordered the arrests.


    Al Arabiya said that the anticorruption committee has the right to investigate, arrest, ban from travel or freeze the assets of anyone it deems corrupt.



    Saudi Arabia is an executive monarchy without a written constitution or independent government institution such as a Parliament or courts, so accusations of corruption are difficult to evaluate. The boundaries between the public funds and the wealth of the royal family are murky at best, and corruption, as other countries would describe it, is believed to be widespread.







    The arrests came a few hours after the king replaced the minister in charge of the Saudi national guard, Prince Mutaib bin Abdullah, who controlled the last of the three Saudi armed forces not yet considered to be under control of Crown Prince Mohammed.


    The king named Crown Prince Mohammed the minister of defense in 2015. This year, the king removed Prince Mohammed bin Nayef as head of the interior ministry, placing him under house arrest and extending the crown prince’s influence over that second armed force.


    Rumors have swirled since then that King Salman and his favorite son would soon move against Prince Mutaib, commander of the third armed force and himself a former contender for the crown.



    https://www.nytimes.com/2017/11/04/w...bin-talal.html

  2. #2
    Sukhumvet
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    The money is running out?

  3. #3
    Thailand Expat cyrille's Avatar
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    Did you read the post?

  4. #4
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    My guess is they have bin Talal bang to rights and for several reasons, not least the dangers of false/fabricated charges against one with his pedigree, and his position at the hub of many billions within a thoroughly corrupt system that manages to supplement even the lowliest clerk.

    Or just as likely, his involvement with real or perceived threats to succession.

    Nothing in that region happens for no reason at all, which leaves me wondering how this is connected with the Qatar boycott which followed Trump's visit and becomes relevant with recent noises from the crown prince about progress toward the 17th century.
    Antrobertson: Annoyed at others "ranting absurdities and falsities about her (Clinton's) campaign..."

    Antrobertson: Annoyed at others with 'views on climate change that run contrary to objective fact.'

    Antrobertson: "Vindictive Shit Stirrer"


  5. #5
    RUSH HER TODAY
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    The constitution is on their flag.

    I had my assets nearly frozen off during a Finnish winter, luckily came here, no corruption or Yemeni rockets overhead.

    Wali Talal was well liked in biz circles, be interesting to see how uncrruptible they are against a billionaire.I mate a mate of the Fwoggy amabssador in Al Qurtabah in a wierd hotel built like a cruise ship and at that time a decade back he reckoned Talal was one of the "reformers' trying to get a real stock market moving and sukkuk bonds.

    For all the press releases and bluster there's a lot of feudal feuds and the problem of a huge number of lads who are unemployable , who'll be replaced by women or AI. I suppose with no grog they'll become drifters.It's a wierd place the magic kingdom more khvnytz than woman, more knob jockeys than bottles of Knob Creek and more rapists than papists, kids can grow up in safe knowledge that the person behind isn't a priest

    Last edited by david44; 05-11-2017 at 03:25 PM.
    I went to buy some camouflage trousers the other day but I couldn’t find any.

  • #6
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    that's harry fucked then, no more servicing of his arab masters in the desert

  • #7
    Valve Master Latindancer's Avatar
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    Which of the sandpit countries does Harry work in, anyway ?

  • #8
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    UAE or Kuwait, can't remember

    work in the IT sweat shop of one their sovereign fund,

  • #9
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    Not much difference from numerous locales and situations.

    Extreme wealth, control, power, and corruption.

    Chaos theories ensue.

  • #10
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    Maybe a stretch but those who have never witnessed the unra and the pleasures of the of the arabian nights of the long wives cannot imagine how unique howdy alabia is.Oman Al Quweit, Bahrain and Qatar are different to KSA

  • #11
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    Quote Originally Posted by jabir View Post
    My guess
    Why guess, it just makes you look stupid when the facts are freely available. The al-saud family is not a single power base. There are different groups within the family, each group has control of a particular area of saudi life, military, police, and so on. Each one of these groups within the family is descended from one of Ibn Saud's wives. King Salman is one of the last of the Sudairi seven, children of Ibn Saud and Hussa bint Ahmed Al Sudairi of the Al Sudairi in Nejd (Nejd, btw, is where the Wahabbi came from and it was her and her family who made KSA the hardline conservative country it is today, that is to say that Arabia/KSA has been hardline Islamist since the 1940s and not, as some idiots think, for hundreds of years). The Sudairi Seven have ruled KSA since the death of Abdulaziz and the actions of Muhammed bin Salman are the actions of a newly-raised Crown Prince consolidating that power at the start of what is basically a new reign. There are only two members of the Sudair seven still alive, The King, who is a a gibbering wreck, and Prince Mohammed bin Nayef the former Interior minister. this is why, of all the people ousted, Prince Mohammed bin Salman allowed Nayef's son to take over his father's position as interior minister.

    See, no need for guesswork, Jabir, all quite simple.
    don't you know there ain't no devil, there's just god when he's drunk

  • #12
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    Do they have machines enough?

    Saudi deputy governor killed in helicopter crash near Yemen

    Reuters Staff

    RIYADH (Reuters) - The deputy governor of Saudi Arabia’s southern Asir province and several colleagues were killed in a helicopter crash on Sunday, Saudi state TV Ekhbariya reported.

    Local newspaper Okaz reported the helicopter went down while the officials were taking a tour of an area near the coast in Asir, which borders Yemen.

    The reports did not elaborate on the cause of the crash.
    https://www.reuters.com/article/us-s...KBN1D512O?il=0

  • #13
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    Quote Originally Posted by DrB0b View Post
    Why guess, it just makes you look stupid when the facts are freely available. The al-saud family is not a single power base. There are different groups within the family, each group has control of a particular area of saudi life, military, police, and so on. Each one of these groups within the family is descended from one of Ibn Saud's wives. King Salman is one of the last of the Sudairi seven, children of Ibn Saud and Hussa bint Ahmed Al Sudairi of the Al Sudairi in Nejd (Nejd, btw, is where the Wahabbi came from and it was her and her family who made KSA the hardline conservative country it is today, that is to say that Arabia/KSA has been hardline Islamist since the 1940s and not, as some idiots think, for hundreds of years). The Sudairi Seven have ruled KSA since the death of Abdulaziz and the actions of Muhammed bin Salman are the actions of a newly-raised Crown Prince consolidating that power at the start of what is basically a new reign. There are only two members of the Sudair seven still alive, The King, who is a a gibbering wreck, and Prince Mohammed bin Nayef the former Interior minister. this is why, of all the people ousted, Prince Mohammed bin Salman allowed Nayef's son to take over his father's position as interior minister.

    See, no need for guesswork, Jabir, all quite simple.

    As usual you pick a word and use it entirely out of context.

    Here is what I posted:

    My guess is they have bin Talal bang to rights and for several reasons, not least the dangers of false/fabricated charges against one with his pedigree, and his position at the hub of many billions within a thoroughly corrupt system that manages to supplement even the lowliest clerk.
    My guess is still a guess, being familiar with the hierarchy of tribe, clan, family and individual, even in respect to Saud. But unlike you I am not privy to the intimate details of bin Talal's arrest, so I guessed.

    And I guess again, from bits of facts to deliberate misinformation trickling through, that bin Talal and at least some of the others are involved or perceived to be a threat, however close or remote, in matters of succession. Or, that he's been stealing more than his fair share. Put a gun to my head and in view of Trump/Qatar and other recent events including Salman's choice for succession, I would guess the former.

  • #14
    Thailand Expat tomcat's Avatar
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    Quote Originally Posted by jabir View Post
    at least some of the others are involved or perceived to be a threat
    indeed, it's all about eliminating power centers not directly under the control of MBS...corruption has little, if anything, to do with the upheaval...but makes for good reading by potential foreign investors...similar to goings on here in the swamp...

  • #15
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    Lebanese politician, Saudi/Israel desire for Lebanese ownership, Hezzbolla, Iran, Yemen, Litani Water.

    Who will the Lebanese call for help?

  • #16
    Thailand Expat tomcat's Avatar
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    Quote Originally Posted by OhOh View Post
    Who will the Lebanese call for help?
    sheikhbusters!...

  • #17
    Thailand Expat HuangLao's Avatar
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    Quote Originally Posted by tomcat View Post
    indeed, it's all about eliminating power centers not directly under the control of MBS...corruption has little, if anything, to do with the upheaval...but makes for good reading by potential foreign investors...similar to goings on here in the swamp...

    Yes, does sound all to familiar, doesn't it?

  • #18
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    Quote Originally Posted by jabir View Post
    And I guess again, from bits of facts to deliberate misinformation trickling through, that bin Talal and at least some of the others are involved or perceived to be a threat, however close or remote, in matters of succession. Or, that he's been stealing more than his fair share. Put a gun to my head and in view of Trump/Qatar and other recent events including Salman's choice for succession, I would guess the former.
    What deliberate misinformation has trickled through to you, jabir?

  • #19
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    Since everything in the region has to do with money and power, all those arrested and involved are regarded as threats to the ruling king in one way or another. Not much different than the rest of the world, just played out a little differently is all.

  • #20
    Thailand Expat HuangLao's Avatar
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    Quote Originally Posted by rickschoppers View Post
    Since everything in the region has to do with money and power, all those arrested and involved are regarded as threats to the ruling king in one way or another. Not much different than the rest of the world, just played out a little differently is all.

    Homogenous worldwide.

    Most don't recognize it.

  • #21
    Thailand Expat misskit's Avatar
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    Purge of Saudi princes, businessmen widens, travel curbs imposed

    RIYADH (Reuters) - A campaign of mass arrests of Saudi Arabian royals, ministers and businessmen expanded on Monday after a top entrepreneur was reportedly detained in the biggest anti-corruption purge of the kingdom’s affluent elite in its modern history.

    The reported arrest of Nasser bin Aqeel al-Tayyar followed the detention of dozens of top Saudis including billionaire investor Prince Alwaleed bin Talal in a crackdown that the attorney general described as “phase one”.


    The purge is the latest in a series of dramatic steps by Crown Prince Mohammed bin Salman to assert Saudi influence internationally and amass more power for himself at home.


    The campaign lengthens an already daunting list of challenges undertaken by the 32-year-old since his father, King Salman, ascended the throne in 2015, including going to war in Yemen, cranking up Riyadh’s confrontation with arch-foe Iran and reforming the economy to lessen its reliance on oil.
    Both allies and adversaries are quietly astounded that a kingdom once obsessed with stability has acquired such a taste for assertive - some would say impulsive - policy-making.



    “The kingdom is at a crossroads: Its economy has flatlined with low oil prices; the war in Yemen is a quagmire; the blockade of Qatar is a failure; Iranian influence is rampant in Lebanon, Syria and Iraq; and the succession is a question mark,” wrote ex-CIA official Bruce Riedel.
    “It is the most volatile period in Saudi history in over a half-century.”


    The crackdown has drawn no public opposition within the kingdom either on the street or social media. Many ordinary Saudis applauded the arrests, the latest in a string of domestic and international moves asserting the prince’s authority.


    But abroad, critics perceive the purge as further evidence of intolerance from a power-hungry leader keen to stop influential opponents blocking his economic reforms or reversing the expansion of his political clout.


    Prominent Saudi columnist Jamal Kashoggi applauded the campaign, but warned: “He is imposing very selective justice.”


    “The crackdown on even the most constructive criticism - the demand for complete loyalty with a significant ‘or else’ - remains a serious challenge to the crown prince’s desire to be seen as a modern, enlightened leader.”


    “The buck stops at the leader’s door. He is not above the standard he is now setting for the rest of his family, and for the country,” he wrote in the Washington Post.
    ACCOUNTS FROZEN

    The Saudi stock index initially fell 1.5 percent in early trade but closed effectively flat, which asset managers attributed to buying by government-linked funds.


    Al Tayyar Travel 1810.SE plunged 10 percent in the opening minutes after the company quoted media reports as saying board member Nasser bin Aqeel al-Tayyar had been detained in the anti-corruption drive.


    Saudi Aseer Trading, Tourism and Manufacturing 4080.SE and Red Sea International 4230.SE separately reported normal operations after the reported detentions of board members Abdullah Saleh Kamel, Khalid al-Mulheim and Amr al-Dabbagh.


    Saudi banks have begun freezing suspects’ accounts, sources told Reuters.


    Dozens of people have been detained in the crackdown, which have alarmed much of the traditional business establishment. Billionaire Prince Alwaleed bin Talal, Saudi Arabia’s best-known international investor, is also being held.


    The attorney general said on Monday detainees had been questioned and “a great deal of evidence” had been gathered.


    “Yesterday does not represent the start, but the completion of Phase One of our anti-corruption push,” Saud al-Mojeb said. Probes were done discreetly “to preserve the integrity of the legal proceedings and ensure there was no flight from justice.”


    Investigators had been collecting evidence for three years and would “continue to identify culprits, issue arrest warrants and travel restrictions and bring offenders to justice”, anti-graft committee member Khalid bin Abdulmohsen Al-Mehaisen said.


    “THE NOOSE TIGHTENS”


    The front page of leading Saudi newspaper Okaz challenged businessmen to reveal the sources of their assets, asking: “Where did you get this?”
    Another headline from Saudi-owned al-Hayat warned: “After the launch (of the anti-corruption drive), the noose tightens, whomever you are!”


    A no-fly list has been drawn up and security forces in some Saudi airports were barring owners of private jets from taking off without a permit, pan-Arab daily Al-Asharq Al-Awsat said.


    Among those detained are 11 princes, four ministers and tens of former ministers, according to Saudi officials.


    “It’s mostly princes from the previous system who made a lot of money in business. That’s the common denominator,” Steffen Hertog of the London School of Economics told Reuters.


    “Perhaps they can’t go after all at the same time so possibly ones who are least popular or have a beef with the current leadership (have been held). It’s pretty systematic.”


    The allegations include money laundering, bribery, extortion and taking advantage of public office for personal gain, a Saudi official told Reuters. Those accusations could not be independently verified and family members of those detained could not be reached.


    The new anti-corruption committee has the power to seize assets at home and abroad before the results of its investigations are known. Investors worry the crackdown could ultimately result in forced sales of equities, but the extent of the authorities’ intentions was not immediately clear.


    “OVERKILL”


    Among those detained is Prince Miteb bin Abdullah, who was replaced as minister of the National Guard, a pivotal power base rooted in the kingdom’s tribes. That recalled a palace coup in June which ousted his elder cousin, Mohammed bin Nayef, as heir to the throne.


    The moves consolidate Prince Mohammed’s control of the internal security and military institutions, which had long been headed by separate powerful branches of the ruling family.


    Consultancy Eurasia Group said the “clearly politicized” anti-corruption campaign was a step toward separating the Al Saud family from the state: “Royal family members have lost their immunity, a long standing golden guarantee”.


    Yet many analysts were puzzled by the targeting of technocrats like ousted Economy Minister Adel Faqieh and prominent businessmen on whom the kingdom is counting to boost the private sector and wean the economy off oil.


    “It seems to run so counter to the long-term goal of foreign investment and more domestic investment and a strengthened private sector,” said Greg Gause, a Gulf expert at Texas A&M University.


    “If your goal really is anti-corruption, then you bring some cases. You don’t just arrest a bunch of really high-ranking people and emphasize that the rule of law is not really what guides your actions.”


    Over the past year, MbS has become the top decision-maker on military, foreign and economic policy, championing subsidy cuts, state asset sales and a government efficiency drive.


    The reforms have been well-received by much of Saudi Arabia’s overwhelmingly young population, but resented among some of the more conservative old guard.


    The crown prince has also led Saudi Arabia into a two-year-old war in Yemen, where the government says it is fighting Iran-aligned militants, and into a dispute with Qatar, which it accuses of backing terrorists, a charge Doha denies. Detractors of the crown prince say both moves are dangerous adventurism.


    The Saudi-led military coalition said on Monday it would temporarily close all air, land and sea ports to Yemen to stem the flow of arms from Iran to Houthi rebels after a missile fired toward Riyadh was intercepted over the weekend.


    Saudi Prince Alwaleed's investments: tmsnrt.rs/2j5fE04

    Purge of Saudi princes, businessmen widens, travel curbs imposed | Reuters

  • #22
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    Couple more accidents/executions/disappearances to come? Naah, surely not!

  • #23
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    It is interesting that this selective process is taking place in a country where every millionaire could be accused of corruption and convicted. Obviously, the,most powerful faction of the royal family will win this battle and eliminate some of the competition for this power. If you study the history of Saudi Arabia, you will see this strategy has been carried out for centuries. Nothing new here.

  • #24
    Thailand Expat tomcat's Avatar
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    Quote Originally Posted by rickschoppers View Post
    Nothing new here.
    ...or anywhere else for that matter...

  • #25
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    Quite.


    Britain has come under mounting pressure to launch a crackdown on tax avoidance and reform its network of offshore havens, amid international outrage at the activities of multinationals and billionaires revealed by the Paradise Papers. During urgent questions in the House of Commons on Monday, the disclosures from the leak were described as the “biggest tax scandal of this generation” by the shadow chancellor, John McDonnell, who demanded a full public inquiry.
    A wave of condemnation ripped through Washington, Westminster and Brussels, as the world responded to details of how the UK’s tax havens have been used by figures including the Queen, Donald Trump’s commerce secretary, Wilbur Ross, and the closest political allies of the Canadian prime minister, Justin Trudeau.


    https://www.theguardian.com/news/201...se-papers-leak

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