Billionaire Alwaleed bin Talal among Saudi princes arrested

RIYADH/WASHINGTON, Nov 5 (INP) Saudi Arabia announced the arrest on Saturday night of the prominent billionaire investor Prince Alwaleed bin Talal, plus at least 10 other princes, four ministers and tens of former ministers.

Sources in the international financial institutions and stock exchanges say Prince Alwaleed’s arrest is sure to send shock waves both through the Kingdom and the world’s major financial centers.