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I remember vividly how Prince Alwaleed Bin Talal saved Citigroup from the brink of bankruptcy during the financial crisis, thanks to his seemingly endless wealth and ability to come up with cash to buy stock when everyone else was suffering a liquidity crisis.

It's sad to see him thrown into a high security prison in his home country for failing to cough up cash on demand from his own government, as the following gossip from the Daily Mail suggests:

Saudi Arabia's richest man has been moved from the hotel he was being detained in and thrown in jail after refusing to pay the government £728 million.

Saudi billionaire investor Prince Alwaleed bin Talal was arrested two months ago in what the Saudi government called an 'anti-corruption sweep'.

His situation worsened earlier this week when he was moved from his restricted quarters at the Riyadh Ritz Carlton Hotel to the high security Al Ha'ir prison.

Prince Alwaleed's leverage to demand a trial or negotiate a deal is dwindling by the day...

Read more:
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One wonders whether a sovereign's capricious imprisonment of wealthy relatives for the purpose of extortion on trumped up corruption charges is the sort of legal violation for which a government can be held accountable to some international body. If I remember correctly, the International Court of Justice pays lip service, but has no real power to sanction governments for violating their own citizens' human rights.


Perhaps Prince Alwaleed should apply for asylum in a European country or the US as a refugee due to persecution in his own country.

One wonders also whether our dear friend and ally Saudi Arabia, rather than being treated as a most favored nation worthy of presidential visits and sword dances, ought instead to be labeled a "sh**hole" like some other less-favored states.

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