Prince Wally and Wilbur

Mon, 2017/11/06 - 2:14pm | Your editor
Printer-friendly version

Prince Alwalid (Wally) bin Talal, the Saudi royal buddy of western investors and occasional critic of Donald Trump, is now confined to the Ritz in Riyadh under charges of corruption while the investigation continues. While well known in western business circles as the investment manager for the royals, he is a member of the thirdh generation of descendents of King Ibn-Saud, which number in the hundreds. Being a second cousin offers no protection from Mohammed bin Salman, the heir apparent from a rival ranch of the royal family. Wally is on Forbes's list as the world's 50th richest person and holds stock in Citigroup and Apple.

In the west we do it better, because even serial adulterers like Donald Trump can keep track of their offspring and support them.

Wilbur Ross, the US Secy of Commerce, and Trump buddy since he financed the future president's bankruptcy in Atlantic City during a long career of buying bankrup firms on the cheap, is now accused of lying to Congress over a shipping company investment, Navigator Holdngs, transporter of gas for Sibur, owned by a son-in-law of President Putin's, Cyril (or Kirill) Shamalov. Sibur is a large Russian petrochemical firm.

Ross said that “what was evil” was the hint that he had not paid taxes on his stake in a Grand Cayman-incorporated entity. No, what was evil was the fact that he was violating an international embargo against Putin pals. Putin mistrusts anyone not a member of his immediate family. This was revealed by the “Paradise Papers” published yesterday mostly by the Guardian and the Sued-Deutsche Zeitung,

Trump is learning that he needs to mistrust his relatives, attention-grabbing advisors, and the Republican establishment in congress. And even old protectionist pals are looking after their own interests, not those of the White House. In fact they are behaving toward Trump just as he behaves toward them.

More for paid subscribers today from Finland, Britain, Colombia, Hong Kong, South Africa, Israel, Finland, the Dutch Antilles, Canada, Denmark, Mexico, and Switzerland.

Full content is available to subscribers only. Subscribe now.