Read it at The Daily Beast
Saudi Arabia announced on its state-owned TV network on Saturday that it was arresting top officials and princes as part of an anti-corruption sting ordered by Crown Prince Mohammed bin Salman. Eleven princes, including billionaire investor Prince Alwaleed bin Talal, were arrested, in addition to four ministers and some former officials. Alwaleed heads up Kingdom Holding, and owns stakes in companies such as News Corp, Twitter, and Citigroup. He is one of the richest men in the world.