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Saudis expand crackdown with arrest of military officials and businessmen, WSJ reports

From cnbc.com

Saudi authorities have reportedly detained about two dozen military officials and several businessmen, widening a crackdown that has already ensnared princes, ministers and other wealthy elites. Commanders in Saudi Arabia's armed forces are among those authorities have swept up as part of a corruption investigation in recent days, The Wall Street Journal reported. It was not clear whether they are accused of wrongdoing or were being called as witnesses, the Journal said. The investigation is seen as both a campaign to rein in graft and a move to consolidate power under Crown Prince Mohammed bin Salman, who is widely ... (full story)

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  • Category: Fundamental Analysis