Monday, January 29, 2018

What's Next for Saudi's Elite After Leaving Ritz? - Bloomberg

What's Next for Saudi's Elite After Leaving Ritz? - Bloomberg



... In a secret 1996 cable published by WikiLeaks, a U.S. diplomat in Riyadh reported that a handful of the most senior princes enriched themselves by skimming from “off-budget” programs that received 12.5 percent of the country’s oil revenue. The diplomat said some royals used their power to confiscate land from commoners in order to resell it to the government at a profit.

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