Saudi Arabia's Purges And Arrests Continues



Reuters: Round-up of Saudi princes, businessmen widens, travel curbs imposed

RIYADH (Reuters) - An anti-corruption probe that has purged Saudi Arabian royals, ministers and businessmen appeared to be widening on Monday after the founder of one of the kingdom’s biggest travel companies was reportedly detained.

The Saudi stock index was down 1.1 percent in early trade, and Al Tayyar Travel 1810.SE plunged 10 percent in the opening minutes after the company quoted media reports as saying board member Nasser bin Aqeel al-Tayyar had been held by authorities.

The company gave no details but online economic news service SABQ, which is close to the government, reported Tayyar had been detained in an investigation by a new anti-corruption body headed by Crown Prince Mohammed bin Salman.

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