Skip to comments.What the royal purge means for Saudi Arabia — and its oil
Posted on 11/06/2017 10:33:37 AM PST by RoosterRedux
King Salman bin Abdulaziz Al Saud on Saturday named Crown Prince Mohammed head of a corruption supreme committee in addition to a council that oversees Saudi Aramco, which in the past had been governed largely by technocrats. Salman said the move was because of what we have noticed of exploitation by some of the weak souls who have put their own interests above the public interest, to, illicitly, accrue money.
Ibrahim Al-Assaf, a former finance minister and current director of Saudi Aramco, was among at least 17 princes, current and former government ministers and business executives taken into custody, according to a Bloomberg News report quoting the al-Eqtisadiah newspaper. Assaf was arrested on charges of corruption linked to an urban expansion project in the city of Mecca, Bloomberg News said, citing the Akhbaar 24 local news website.
In my view the arrests signify that the Crown Prince has decided to really use the corruption button to discipline the royal family, Jean-Francois Seznec, a specialist in Middle East business and finance, said in an email. Seznec, who has taught at Georgetown Universitys business and Foreign Service schools, said: The King is the one who knows where all the skeletons are buried in the Royal Family. By striking hard against princes known to be corrupt, and large business people known to have been close to the corrupt, he is putting the family on notice that they will have to go along with the notion of transparency in business and control of society.
(Excerpt) Read more at washingtonpost.com ...
When they say “heads will roll” in SA, they mean it literally.
It’s a good thing that the percentage of our oil from Saudis is less than it was in the 1970s. Better hope that’s true for Canada and Mexico too.
I guess that high-tech surveillance center that President Trump got to help ceremonially start up, actually works.
Draining the swamp seems to be in vogue.
“Draining the swamp seems to be in vogue.”
That is how I read this. The Trump effect.
Lets hope he can and will Drain the Islam swamp too the world doesnt need more Muslim terrorists!
Its a good thing that the percentage of our oil from Saudis is less than it was in the 1970s. Better hope thats true for Canada and Mexico too.
I wondered why prices jumped 40 cents/gallon last week here. Look for +$1 real soon.
Too bad this is from WaPo ... I don’t read anything from them and I’d like to know more about this. But why read lies?
Reading any news requires a knowledge of their bias.
If you only read sources that agree with you, how are you different than the Left?
Buck up, Man. Get with the program.
I’m 75. I’ve read BS from WaPo and NYT for years. It is all unreliable. I get the information for ME ... so I’m looking for “facts” not “slants.” There are no facts at WaPo and NYT so I don’t waste what time I have left. :-)
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