Goodbye Ritz Carlton. Saudi Arabia's billionaire prince Alwaleed Bin Talal, has been carted off to Al Ha'ir prison, south of Riyadh, after refusing to pay a reported $6 billion to Crown Prince Mohammed Bin Salman to secure his freedom, following a massive consolidation of power on November 4, 2017 in which over 300 princes, ministers and other elites were rounded up in an "anti-corruption" purge.
Sources told the Middle East Montior that nearly 60 detainees were transferred to the most high security prison in the Kingdom. The prisoners include Prince Al-Waleed Bin Talal as Prince Turki Bin Abdullah and a number of government officials who refused to make the large financial payments for their release.
Among those arrested on allegations of corruption is Prince Alwaleed Bin Talal, the Saudi King's nephew who is worth more than $17bn according to Forbes, and owns stakes in Twitter, Lyft and Citigroup. According to a Daily Mail source, the crown prince had lulled Alwaleed into a false sense of security, inviting him to a meeting at his Al Yamamah palace, then sent officers to arrest him the night before the meeting.