Saudi Arabia has decided to follow President Trump’s lead and remove the corruption plaguing its government, starting with the corrupt Prince Al-Waleed Bin Talal.
The country of Saudi Arabia has officially arrested its prince, al-Waleed bin Talal, on charges of money laundering and corruption. This news comes after President Trump made a little visit to the country, his presence seems to have sparked another Drain the Swamp situation as Saudi Arabian authorities begin removing the crime ruining their country. Prince Talal is reportedly one of the wealthiest men in the country and in a show of example setting, authorities have stated that the prince’s release will come at a hefty price. $6 billion to be exact.
It was reported by Saudi Arabian authorities that they are looking for at least $6 billion from jailed Saudi Prince al-Waleed bin Talal. The money would secure his freedom. The prince was arrested in a huge anti-corruption purge which began after President Trump paid a visit to the Islamic region. This is reportedly the largest sum of money ever asked for my authorities in the Gulf state. The prince may have to hand over a big portion of his riches in the Kingdom Holding Company. This company is estimated to have a market value of around $9 billion.
In a shocking development, late on Saturday the Saudi press reported that prominent billionaire, member of the royal Saudi family, and one of the biggest shareholders of Citi, News Corp. and Twitter – not to mention frequent CNBC guest – Al-Waleed bin Talal, along with ten senior princes, and some 38 ministers, has been arrested for corruption and money laundering charges on orders from the new anti-corruption committee headed by Crown Prince Mohammed bin Salman, while Royal princes’ private planes have been grounded.
The country is in desperate need of financial aid so why not get it from the corrupt leadership taking advantage of their position of power. Good for Saudi Arabia, following Trump’s example is a wise choice.