Saudi Arabia ‘Freezes Bank Accounts’ Of Ex-Crown Prince

On November 8, the Saudi authorities frozed bank accounts of Prince Mohammed bin Nayef, one of the most senior members of the ruling Al Saud family, and the former Crown Prince of Saudi Arabia, according to Reuters.

Prince Mohammed bin Nayef was removed from his position as the Saudi Crown Prince back on June 21 by Saudi Arabia King Salman bin Abdul-Aziz Al Saud. The king replaced him with his own son, Prince Mohammad bin Salman.

The report also revealed that more business men and members of the Saudi royal family have been arrested on November 8.

A banking source told Reuters that over 1,700 domestic bank accounts have been frozen by the Saudi authorities so far as a result of the ongoing “anti-corruption” purge.

Arab media talked before about tensions between Prince Mohammad bin Salman and Prince Mohammed bin Nayef. This could mean that the ongoing purge in Saudi Arabia more about the political struggle within the Saudi family, than fighting corruption.

Source: Reuters