BREAKING NEWS: Saudi Arabia announced the arrest on Saturday night of the prominent billionaire investor and Disneyland Paris major stockholder Prince Alwaleed bin Talal, plus at least 10 other princes, four ministers and tens of former ministers.
What makes this news a very important one is that Prince AlWaleed is not only one of the richest men in the world but the last remaining stockholder - and an important one with 4.95% of the shares - of Disneyland Paris, now that the WDC took the control of Eurodisney SCA. DLP of course is not involved in what's happening in Saudi Arabia.
More from the New York Times: "The announcement of the arrests was made over Al Arabiya, the Saudi-owned satellite network whose broadcasts are officially approved.
The reports in Al Arabiya and from other sources that Prince Alwaleed was among those arrested were sure to send shock waves both through the Kingdom and the world’s major financial centers.
Prince Alwaleed, who controls the investment firm Kingdom Holding and is one of the world’s richest men, has major stakes in News Corp, Time Warner, Citigroup, Twitter, Apple, Motorola and many other well-known companies. He also controls satellite television networks watched across the Arab world.
The Ritz Carlton hotel in Riyadh, the de facto royal hotel, was evacuated on Saturday, stirring rumors that it would be used to house detained royals. The airport for private planes was closed, arousing speculation that the crown prince was seeking to block rich businessmen from fleeing before more arrests.
The move appeared to consolidate the power of King Salman’s son, who was appointed the head of a new anti-corruption committee hours before the arrests."
This is a big, big breaking news, i tell you, and it's only the beginning... Full New York Times article HERE.
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