Princes, ministers and a billionaire are ‘imprisoned‘ in the Riyadh Ritz-Carlton while the Saudi Arabian Army is said to be in an uproar…
The House of Saud’s King Salman devises a high-powered ‘anti-corruption’ commission and appoints his son, Crown Prince Mohammad Bin Salman, a.k.a. MBS, as chairman.
Right on cue, the commission detains 11 House of Saud princes, four current ministers and dozens of former princes/cabinet secretaries – all charged with corruption. Hefty bank accounts are frozen, private jets are grounded. The high-profile accused lot is ‘jailed’ at the Riyadh Ritz-Carlton.
War breaks out within the House of Saud, as Asia Times had anticipated back in July. Rumors have been swirling for months about a coup against MBS in the making. Instead, what just happened is yet another MBS pre-emptive coup.
A top Middle East business/investment source who has been doing deals for decades with the opaque House of Saud offers much-needed perspective:
This post was published at Zero Hedge on Nov 7, 2017.