Friday, April 22, 2011

Saudi Princes Plunder Nation's Wealth

Exposed documents show that thousands of relatives of Saudi Arabia's King Abdullah enjoy the monopoly of the kingdom's financial and commercial resources.

Classified evidence cited former United States Ambassador to Saudi Arabia William Wyche Fowler as saying that in the late 1990s Saudi Prince Al Waleed bin Talal Al Saud trusted Washington with secret information on the royal family's financial secrets, wrote German newspaper Die Welt.

The royal exposed the dominance of 7,000 Saudi princes on the country's oil and business enterprises.'


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