SAUDI: Sheikh Mohammed Hussein Al-Amoudi has been arrested along with around 48 other prominent officials and members of the royal family in Saudi Arabia, 11 princes including prince Al Waleed Bin Talal, businessmen, senior military officials and top officials on Saturday evening holding them in a luxury hotels in the capital, for allegations of “corruption.”
Earlier on Sunday, the local Saudi media outlets published that 11 princes and 38 current and former officials have been arrested for charges of “corruption”, following an investigation led by the Crown Prince Mohammed Bin Salman.
According to the Arab News report, it was an unprecedented move for the kingdom which analysts have interpreted as an attempt by the young Crown Prince Mohammed bin Salman, 32, to consolidate power in the kingdom, which will allow him to push through historic reform.
Eleven princes and 38 others are being held after the mass purge including influential Saudi tycoon Prince al-Waleed bin Talal, one of the world's richest men as well, as two sons of the former King Abdullah.
The following is a list of those detained so far.
Prince Turki bin Nasser
Former head of meteorology and environmental protection
Prince Fahd bin Abdullah bin Mohammed
Former deputy defence minister
Prince al-Walid bin Talal
Prince Miteb bin Abdullah
Former head of the National Guard
Prince Turki bin Abdullah
Former governor of Riyadh
Ministers and government
Former head of the Royal Court
Former president of protocol at the Royal Court
Former governor of the Investment Authority
Former CEO of Saudi Telecom
Former minister of economy and planning
Former finance minister
Commander of the navy
Former CEO of Saudi Arabian Airlines
Saleh Kamel and sons
Owner of MBC group
Bakr bin Laden
Chairman of Bin Laden Group
Sheikh Mohammed Hussein Al-Amoudi is the son of Ethiopian mother and Saudi father. He is known to be the second richest black person in the world with a net worth of $15.3 billion. He first made his fortune through his oil refineries, real estate and construction. He was born in Ethiopia; started his business in 1974. He also own oil refiners in Sweden.