(FILES) This file photo taken on October 24, 2017 shows Saudi Crown Prince Mohammed bin Salman attending the Future Investment Initiative (FII) conference in Riyadh. On November 4, 2017 Saudi Arabia arrested 11 princes, including a prominent billionaire, and dozens of current and former ministers, reports said, in a sweeping crackdown as the kingdom's young crown prince consolidates power. / AFP PHOTO / FAYEZ NURELDINEFAYEZ NURELDINE/AFP/Getty Images

An unprecedented clampdown on corruption in Saudi Arabia has led to 11 princes, four sitting ministers and dozens of former ministers being detained.
The arrests started hours after the heir to the Saudi throne, Crown Prince Mohammed bin Salman, was given control of a new anti-corruption body.
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Billionaire Prince Alwaleed bin Talal, who has investments in Twitter and Apple and owns The Savoy hotel, is among those being held.
Shares in Kingdom Holdings, his giant investment corporation, dropped 9.9 percent on the Saudi stock market.
The royal decree setting up the committee declared: ‘The homeland will not exist unless corruption is uprooted and the corrupt are held accountable.’
Prince Miteb bin Abdullah has been replaced as head of the National Guard – the highest ranking position of the ruling family in the government.
It is believed the arrests have been made as 32-year-old …
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