Saudi squeeze on Prince Alwaleed has more at stake than money - latimes

Almost two months into it, Saudi Arabia's crackdown on corruption is yielding at least some of the $100 billion the kingdom is targeting. Dozens of former officials and businessmen have exchanged part of their wealth for freedom.

But in the increasingly drawn-out case of Prince Alwaleed bin Talal, the public face of the Saudi royal family to many foreign executives and investors, there's more at stake than taking over his global business empire and talks on a settlement have hit an impasse.

The Saudi crown prince, Mohammed bin Salman, is about to enter a crucial few months that will show his true motives and the scope of his power.

How the case unfolds will help investors and diplomats answer a question puzzling them since the nightly raids of Nov. 4: Whether the purge is an effort to root out graft before selling shares in the country's oil giant, or simply a shakedown to boost state coffers while he asserts himself at home and abroad. - Read More

Saudi squeeze on Prince Alwaleed has more at stake than money

Saudi Arabia demands $6 billion for the release of Prince Al-Waleed ...