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Saudi Arabia’s richest man Alwaleed bin Talal refuses to pay up to Crown Prince Mohammed bin Salman

Saudi Arabia’s richest man Alwaleed bin Talal refuses to pay up to Crown Prince Mohammed bin Salman

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It’s been more than two months since Prince Alwaleed bin Talal was first arrested and detained in what the Saudi government still calls an “anti-corruption” sweep, writes CBNC. Yet the first sign of things getting more serious came early this week when Alwaleed was moved out of his restricted quarters at the Riyadh Ritz Carlton Hotel and moved to Al Ha’ir prison, according to the London-based Arabic news site Al-Araby Al-Jadeed.

Al Ha’ir is not exactly the Bastille, but the decision to get Alwaleed to a more secluded and secure location is ominous.

 

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For more than two months, the prince had been held at the Riyadh Ritz along with what had originally been 200 of his fellow princes and top officials. That number has dwindled to just a few prisoners. Most of the former detainees have bought their freedom with payments and other forms of capitulation to the new Saudi Crown Prince Mohammed bin Salman.

But bin Talal is holding out, reportedly balking at the $6 billion bin Salman is demanding from him and/or control of some of his investment companies.

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