Prince Al-Waleed bin Talal has been arrested for corruption by his own government, and his assets are in the process of being frozen. These will include assets held by family members who are highly unlikely to have wealth other than that of the family.One among them, his son Khaled bin Alwaleed bin Talal,,has invested AUD 100 million into various property developments in Sydney,Australia. His partner in these ventures is a subsidiary of Malaysia's Tabung Haji, TH Property.
As reported by the AFR and others:
Rising Sydney residential developer Piety Investments has closed a $100 million investment with Middle Eastern fund Crestmount Capital, run by Prince Khaled bin Alwaleed bin Talal, a member of the Saudi Arabian royal family.
Helping Piety close the deal is its relationship with TH Properties, also Sharia compliant, and owned by the Malaysian government's Lembaga Tabung Haji or the Pilgrims' Fund Board.
Given the fact of Al-Waleed's corruption charge and the freezing of his assets, Tabung Haji's role in laundering his money must be assumed.