More Than 2 Months In Detention, Saudi Billionaire Prince Al-Waleed Regains Freedom

Want create site? Find Free WordPress Themes and plugins.
Auto Draft
Saudi Arabia billionaire Prince Alwaleed Bin Talal
Saudi Arabian billionaire Prince Alwaleed bin Talal has been  released from detention, family sources told Reuters.
His release on Saturday came  more than two months after he was taken into custody in the kingdom’s sweeping crackdown on corruption.
His release came hours after he predicted his imminent release during an interview at Riyadh’s opulent Ritz-Carlton hotel. He said he expected to be cleared of any wrongdoing and be freed within days.
The terms of his release were not immediately clear, and Saudi officials could not immediately be reached for comment.
But the decision to free him, and the release of several other well-known tycoons on Friday, suggested the main part of the corruption probe was winding down after it sent shockwaves through Saudi Arabia’s business and political establishment.
“He has arrived home,” one source in Prince Alwaleed’s family told Reuters.
Prince Alwaleed had been confined at the Ritz-Carlton since early November, along with dozens of other senior officials and businessmen, part of Crown Prince Mohammed bin Salman’s plan to reform oil superpower Saudi Arabia and consolidate his power.
Earlier this week the attorney general said 90 detainees had been released after having their charges dropped, while others had traded cash, real estate and other assets for their freedom. Authorities were still holding 95 people, he said. Some are expected to be put on trial.
On Friday, an official Saudi source said several prominent businessmen have reached financial settlements with authorities, including Waleed al-Ibrahim, owner of regional television network MBC, who was released. Terms of his settlement were not revealed.
Saudi authorities have said they expect to raise some $100 billion for the government through such settlements – a huge windfall for the state, which has seen its finances squeezed by low oil prices.
Allegations against Prince Alwaleed, who is in his early 60s, included money laundering, bribery and extorting officials, a Saudi official told Reuters in early November.
In his first interview since he was taken into custody, conducted hours before his release, Prince Alwaleed told Reuters that he has continued to maintain his innocence of any corruption in talks with authorities.
He said he expected to keep full control of his global investment firm Kingdom Holding Co without being required to give up assets to the government.


Did you find apk for android? You can find new Free Android Games and apps.
If you need us to help you with more updated information at the right time about More Than 2 Months In Detention, Saudi Billionaire Prince Al-Waleed Regains Freedom , kindly provide us your phone number and email Address in the comment box below. Also feel free to ask any question pertaining to this guide. What’s your take on this? We believe this article was interesting right, if yes, don’t hesitate using our share button below to inform – friends and relation via Facebook, twitter or Google+. LNG Team

Copyright Warning: Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgement. All contents are protected by DMCA.
The content on this site is posted with good intentions. If you own this content & believe your copyright was violated or infringed, make sure you contact us at Dmca[@] to file a complaint & actions will be taken immediately.
Don’t Attend to Any Call from this WEBSITES Pertaining to any Job or Scholarship Offer Requiring Money.

Receive Alerts on: Whatsapp: +2348138222229,Twitter: @LoadedNg, BBM: Loadedng

Share your story with us: SMS: +2348138222229,Whatsapp: +2348138222229, Email: [email protected]

Be the first to comment

Leave a Reply

Your email address will not be published.

After dropping your comment, keep calm, it may take minutes before it appears, after moderation. Your comment(s) are appreciated.

Click HERE to follow us on INSTAGRAM
Click HERE to add us on Facebook
Click HERE to follow us on Twitter
Click HERE to add on Facebook