from Asia Times:
"The House of Saud’s King Salman devises an 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 is more serious than it appears. The arrest of the two sons of previous King Abdullah, Princes Miteb and Turki, was a fatal mistake. This now endangers the King himself. It was only the regard for the King that protected MBS. There are many left in the army against MBS and they are enraged at the arrest of their commanders.”
To say the Saudi Arabian Army is in uproar is an understatement. “He’d have to arrest the whole army before he could feel secure.”
Prince Miteb until recently was a serious contender to the Saudi throne. But the highest profile among the detainees belongs to billionaire Prince al-Waleed Bin Talal, owner of Kingdom Holdings, major shareholder in Twitter, CitiBank, Four Seasons, Lyft and, until recently, Rupert Murdoch’s Newscorp.
Al-Waleed’s arrest ties up with a key angle; total information control. There’s no freedom of information in Saudi Arabia. MBS already controls all the internal media (as well as the appointment of governorships). But then there’s Saudi media at large. MBS aims to “hold the keys to all the large media empires and relocate them to Saudi Arabia.”
So how did we get here?"
- KBOO