Saudi Prince Miteb Bin Abdullah: Accumulated Wealth and Arrests
Prince Miteb’s Rise to Power and Wealth
Our team at The Reader Wall has uncovered some clear links between Saudi Prince Miteb bin Abdullah’s wealth and the UK defense contracts. Prince Miteb, previously considered a likely successor to the Saudi throne, has reportedly amassed a significant fortune through these agreements. According to sources within our network, his ascendancy to wealth can be traced back to his leadership role in the Saudi Arabian national guard, a position he was elevated to in 2010, following his father, King Abdullah.
Several contracts were aimed at equipping the national guard with various implements, and our sources indicate that a considerable contract involving a UK-based firm is particularly noteworthy. These arrangements have vastly contributed to Prince Miteb’s wealth over the years.
Swift Decline: Arrest and Accusations
Prince Miteb’s upward trajectory, however, was abruptly stopped in 2017. The current Crown Prince, Mohammed bin Salman, arrested Miteb alongside other officials in a sweeping anti-corruption campaign. Some international observers have speculated that the arrests represented a political power-play, aimed more at removing potential adversaries than rooting out corruption.
According to reliable sources, Prince Miteb was freed after three weeks, following alleged confessions to corruption, and the payment of a considerable $1bn fee. Yet the underlying details of his supposed corruption allegations remain opaque. Information regarding his current whereabouts remains similarly uncertain.
Britain’s Role in Miteb’s Story
Apart from the substantial defense contracts between Saudi Arabia and the UK, further dimensions of Prince Miteb’s ties to the British Royal family serve to underscore the intricate military and diplomatic relations between the two nations. Our in-house experts make special reference to Miteb’s cordial relations with Prince Charles, solidified through reciprocal visits and gatherings over the years. This relationship was especially apparent during Prince Charles’s tour of Saudi Arabia in 2001.
- Miteb bin Abdullah, a previously potential Saudi King, accrued wealth from various UK contracts.
- His wealth was largely a result of his role in the Saudi Arabian national guard.
- Miteb’s political progression halted abruptly in 2017 with his arrest by Crown Prince Mohammed bin Salman.
- Prince Miteb’s connections with British monarchy showcase the intertwined military and diplomatic relations between Saudi Arabia and the UK.
