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Saudi Arabia: Crown Prince Leads Crackdown on Business Elite

Nov 6, 2017 | 23:00 GMT

(Stratfor)

In a surprise purge of Saudi Arabia's business sector, a newly formed anti-corruption committee ordered the arrests of several prominent members of the royal family, Cabinet ministers and businessmen. On Nov. 4, a royal decree placed Crown Prince Mohammed bin Salman at the head of the new anti-corruption committee. Later that evening, the committee wasted no time in rounding up its first detainees. The arrests and the creation of the anti-corruption body appear to be an effort by bin Salman to further solidify his position at the helm of a new Saudi Arabia, in which consensus-based decision-making is no longer the norm, unless it's written according to his rules....

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