3 ms·

It is rumored that the Saudis made the 100 billion they wanted from the Ritz-Carlton crackdown, so no more interest in the IPO.

justboxing 8y ago
> the Ritz-Carlton crackdown What's this? Are you referring to the use of these hotels as luxury prisons during the purge?
- williamscales 8y ago
  Numerous princes were detained at the Ritz-Carlton hotel and weren't allowed to leave until they admitted to corruption and surrendered significant amounts of cash. A few fought this but most folks just handed over the money. https://www.bloomberg.com/news/articles/2018-01-25/saudi-arabia-struck-gold-with-corruption-crackdown https://www.bloomberg.com/news/articles/2018-01-25/saudi-ara...
  - rz2k 8y ago
    It wasn't only confinement. One general appears to have been tortured to death, and many others had to be hospitalized and showed signs of torture. https://www.hrw.org/news/2018/03/14/saudi-arabia-allegations-abuse-death-custody https://www.hrw.org/news/2018/03/14/saudi-arabia-allegations...
    - justboxing 8y ago
      Wow. How in hell did they (Saudi Arabia) manage to become the Head of the UN Human Rights Panel ? https://www.independent.co.uk/news/world/anger-after-saudi-arabia-chosen-to-head-key-un-human-rights-panel-10509716.html https://www.independent.co.uk/news/world/anger-after-saudi-a... Reeks of corruption at the highest level.
      - akira2501 8y ago
        I assume it's something along the lines of: "Never refuse a US Military request, be mad at Iran, and don't bother Israel."
      - throwaway77384 8y ago
        I think there are many people calling this into question. It's obviously only possible because so many western powers rely on their "stable" allies / oil buddies in the middle east. Yemen alone should be enough reason for every UN nation to sanction SA into submission. Instead we sell them weapons -.-
freewilly1040 8y ago
100 billion doesn’t sound like much if their thesis is that they won’t be able to rely on oil profits in the medium term future.

justboxing 8y ago

> the Ritz-Carlton crackdown What's this? Are you referring to the use of these hotels as luxury prisons during the purge?

williamscales 8y ago
Numerous princes were detained at the Ritz-Carlton hotel and weren't allowed to leave until they admitted to corruption and surrendered significant amounts of cash. A few fought this but most folks just handed over the money. https://www.bloomberg.com/news/articles/2018-01-25/saudi-arabia-struck-gold-with-corruption-crackdown https://www.bloomberg.com/news/articles/2018-01-25/saudi-ara...
- rz2k 8y ago
  It wasn't only confinement. One general appears to have been tortured to death, and many others had to be hospitalized and showed signs of torture. https://www.hrw.org/news/2018/03/14/saudi-arabia-allegations-abuse-death-custody https://www.hrw.org/news/2018/03/14/saudi-arabia-allegations...
  - justboxing 8y ago
    Wow. How in hell did they (Saudi Arabia) manage to become the Head of the UN Human Rights Panel ? https://www.independent.co.uk/news/world/anger-after-saudi-arabia-chosen-to-head-key-un-human-rights-panel-10509716.html https://www.independent.co.uk/news/world/anger-after-saudi-a... Reeks of corruption at the highest level.
    - akira2501 8y ago
      I assume it's something along the lines of: "Never refuse a US Military request, be mad at Iran, and don't bother Israel."
    - throwaway77384 8y ago
      I think there are many people calling this into question. It's obviously only possible because so many western powers rely on their "stable" allies / oil buddies in the middle east. Yemen alone should be enough reason for every UN nation to sanction SA into submission. Instead we sell them weapons -.-

freewilly1040 8y ago

100 billion doesn’t sound like much if their thesis is that they won’t be able to rely on oil profits in the medium term future.