Saudi Arabian billionaire Prince Alwaleed bin Talal has been released from detention, family sources said on Saturday, more than two months after he was taken into custody in the kingdom’s sweeping crackdown on corruption.
Reuters: Saudi billionaire Prince Alwaleed bin Talal released, family sources say Saturday 27 January 2018
http://www.arabnews.com/node/1234076/saudi-arabia
His release came hours after he told Reuters in an exclusive interview at the opulent Ritz-Carlton hotel in Riyadh that he expected to be cleared of any wrongdoing and be released from custody within days.
Family sources said Prince Alwaleed was released on Saturday. “He has he arrived home,” one told Reuters.
Saudi officials could not immediately be reached for comment and the terms of his release were not immediately clear.
A senior Saudi official said Prince Alwaleed was freed after he reached a financial settlement with the attorney general.
"The attorney general has approved this morning the settlement that was reached with Prince Alwaleed bin Talal, and the prince returned home at 11:00a.m. (0800 GMT)," the official told Reuters, without giving details of the terms.
Prince Alwaleed had been confined at the Ritz-Carlton since early November, along with dozens of others, part of Crown Prince Mohammed bin Salman’s plan to consolidate control and reform oil superpower Saudi Arabia.
In his first interview since he was taken into custody in November, Prince Alwaleed told Reuters he was continuing 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.
Still, guards surround Saudi prince's palace and he is kept under house arrest, informed sources tell MEE
Billionaire Alwaleed bin Talal released from detention in Saudi Arabia
http://www.middleeasteye.net/news/billionaire-al-waleed-bin-talal-released-detention-saudi-arabia-sources-764942131
Prince Alwaleed bin Talal has arrived home after being released from his detention in the Ritz-Carlton in Riyadh, Middle East Eye has learned.
The Saudi billionaire had been held in the hotel in the Saudi capital since 4 November after being arrested as part of an anti-corruption crackdown.
Family sources also said the prince was released on Saturday. "He has he arrived home," one told Reuters.
Still, guards were surrounding his palace and he was being kept under house arrest, according to informed sources who spoke to MEE on condition of anonymity.
A government source told AFP that
he was released following a financial "settlement" with authorities.
"The attorney general this morning approved the settlement with Prince Al-Waleed bin Talal," the source said without disclosing any figures.
Crown Prince Mohammed bin Salman (MbS), the 32-year-old son of the king, has spearheaded the unprecedented crackdown on corruption among members of the government and royal family as he consolidates his grip on power in the kingdom.
Alwaleed, one of the world's richest men and owner of Kingdom Holding Company, was among some 350 suspects rounded in the crackdown, most of whom have been released after agreeing financial settlements with the kingdom.
According to informed sources, MbS was demanding that Alwaleed sign over ownership of the entire Kingdom Holding Company and Alwaleed had been refusing to do this. If a settlement was not reached, Alwaleed was set to demand a trial.
In an interview with Reuters on Saturday, the prince had said he expected to soon be released.
"There are no charges. There are just some discussions between me and the government," he said in the interview, conducted shortly after midnight. "I believe we are on the verge of finishing everything within days.
"I told the government I'd stay as much as they want because I want the truth to come out on all my dealings and on all things that are around me."
"Only a couple of days till cases of corruption-related settlements are closed in preparation for referring remaining defendants to the public prosecution," state news agency Al Arabiya reported earlier this week, citing what it called an infographic created by the public prosecutor.
"Ninety-five people are still detained."
The government on Friday also released a number of other detainees including Waleed al-Ibhrahim, head of the MBC media giant, Khaled Tuwaijri, former chief of the Saudi royal court, and Turki bin Nasser, former head of the country's meteorology agency.
The government has released other high-profile detainees in recent weeks such as former National Guard chief Prince Miteb bin Abdullah following his "settlement" with authorities reportedly exceeding $1bn.
Authorities have said most of those detained struck monetary settlements in exchange for their freedom, which could earn state coffers about $100bn.
The windfall settlements will help the government finance a multi-million dollar package announced by King Salman this month to help citizens cope with the rising cost of living, Finance Minister Mohammed al-Jadaan told Al Arabiya television in Davos on Wednesday.
Some critics have labeled the campaign a shakedown, but authorities insist the purge was aimed to target endemic corruption as Saudi Arabia seeks to diversify its oil-dependent economy.
The Ritz-Carlton is set to re-open for business next month as the campaign draws to an end, sources at the hotel have said. Its website lists rooms as available from 14 February.
Several prominent Saudi businessmen being held as part of the kingdom's sweeping anti-corruption crackdown have reportedly reached financial settlements to secure their release, according to a report.
Detained Saudi Businessmen Reach Financial Settlements in Corruption Probe
http://en.farsnews.com/newstext.aspx?nn=13961107001560
According to an anonymous source cited by Reuters,
those who have agreed terms for their release include Waleed al-Ibrahim, proprietor of regional television network MBC; fashion mogul Fawaz Alhokair; former Royal Court chief Khalid al-Tuwaijri, and Turki bin Nasser, a former head of the country's meteorology and environmental protection agency, New Arab reported.
Details of the settlements were not revealed by the source, but most of those detained have struck monetary settlements in exchange for their freedom.
Prominent Saudi businessman Prince Al-Waleed bin Talal has also been released after more than two months of detention on allegations of corruption, according to a family source.
Prince Al-Waleed, who was arrested among dozens of other royal family members, ministers, and top businessmen, arrived to his residence in Riyadh on Saturday, Reuters reported.
Saudi Arabian billionaire prince detained in the kingdom’s sweeping crackdown on corruption, announced on Saturday that he expected to be cleared of any wrongdoing and released from custody within days, with his vast assets intact.
In an exclusive interview with Reuters at his suite at Ritz-Carlton Hotel in the Saudi capital, Riyadh, on Saturday, bin Talal, one of the richest men in the world, said that he was continuing to maintain his innocence of any corruption in talks with Saudi authorities.
“There are no charges. There are just some discussions between me and the government. I believe we are on the verge of finishing everything within days,” he added.
Elsewhere in his interview, bin Talal, who is a nephew of King Salman bin Abdulaziz Al Saud, claimed that he had been well treated, rejecting reports of mistreatment and of being moved from Ritz-Carlton Hotel to a prison.
“I have nothing to hide at all. I‘m so comfortable, I‘m so relaxed. I shave here, like at home. My barber comes here. I‘m like at home, frankly speaking,” he said, adding that “I told the government I’d stay as much as they want, because I want the truth to come out on all my dealings and on all things that are around me.”
He further claimed that he was expected to keep control of his global investment company Kingdom Holding without being required to give up assets to the government.