Published: Wed, March 14, 2018
Global | By Shelia Dennis

Saudi Crown Prince Will Visit Trump at the White House Next Week

Saudi Crown Prince Will Visit Trump at the White House Next Week

Various analyses of the crackdown viewed it as a necessary step for Saudi Arabia to streamline its famously inefficient government, a desperate clawback of resources appropriated by self-indulgent members of the huge royal family, a vital step in persuading worldwide investors to put money into a dramatically reformed economy, a bid by the crown prince to weaken his rivals before he assumes the throne, or all of the above.

Numerous detainees have been released so far after forking out exorbitant amounts reaching as high as one billion dollars.

One former detainee, forced to wear a tracking device, has sunk into depression as his business collapses.

Calif. governor invites Trump to visit high-speed train
President Donald Trump arrives to speak at a campaign rally at Atlantic Aviation in Moon Township, Pa., Saturday, March 10, 2018. He said his organization respects free speech and hopes Tuesday's rally will be safe for participants.

The sources, wishing to remain unnamed, said their Saudi counterparts had warned them about the delay, adding that the global listing could happen even later.

According to the New York Times, some of the powerful detainees may have suffered abuse at the hands of their captors as they were coerced into agreements to hand over billions of dollars to the Saudi government in return for their freedom.

While evidence of such abuse has been slow to emerge, Western governmental officials are said to be confident of the credibility of these reports. One person who saw the corpse of the officer, Maj. Gen. Ali al-Qahtani, said that his neck was twisted unnaturally as though it had been broken, and that his body was badly bruised and distended. France and Britain are the other two countries that he is visiting.

Dropbox's $7 Billion IPO Is a Third from Peak Valuation
As part of this IPO, Salesforce's venture arm has agreed to by $100 milion of Dropbox shares , according to the prospectus. Dropbox also will reverse-split the current shares outstanding to inside investors at a ratio of 1.5 to 1.

The government on Sunday said Saudi King Salman had ordered the creation of specialised anti-corruption units in the public prosecutor's office to investigate and prosecute graft cases. The official added that the detainees had "full access" to legal counsel and medical care.

Critics, however, say the arrests were more to consolidate Crown Prince Mohammed's power than to go after the kingdom's endemic corruption.

But he was a top aide to Prince Turki bin Abdullah, a son of the late King Abdullah and a former governor of Riyadh, and the interrogators may have been pressing the general for information about his boss, Prince Turki.

Kylie Jenner's Pregnancy Cravings Included Waffles
She couldn't seem to remember which of her sisters she told she was pregnant first, noting, "I think it was Khloe! ". The whole world watched and wondered about Kylie Jenner's pregnancy while she kept her 9-month secret under wraps.

The king's decision came from "his concern over combating corruption in all its forms aiming to protect the homeland and its resources, maintain public money and protect the integrity of the public employment", according to Saudi state media.

Like this: