Billionaire Saudi Prince Alwaleed Bin Talal arrested in corruption crackdown

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Saudi Prince Alwaleed bin Talal.
Mary Catherine Wellons | CNBC
Saudi Prince Alwaleed bin Talal.
Saudi Arabia's Prince Alwaleed Bin Talal, a prominent member of the country's royal family and a wealthy investor, has been swept up in connection with a wide-ranging anti-corruption initiative, according to reports.
Saudi Arabia's King Salman removed a host of prominent officials in a sweeping crackdown, in which dozens of princes and former ministers were detained. News outlets, including Saudi-owned Al Arabiya and The Wall Street Journal, reported Bin Talal was among those arrested. CNBC could not immediately confirm Bin Talal's status.
In addition to Bin Talal, former Finance Minister Ibrahim Al-Assaf was also detained and under investigation, Reuters reported, citing a senior Saudi official.