Saudi prince suspected of corruption released

Eileen GuzmanJan 29, 2018

The prince was released hours after he told the agency that he expected to be cleared of any wrongdoing and freed within a few days.

A senior Saudi official said a week ago the kingdom expects to reap more than US$100 billion (S$131 billion) from settlements made by detainees.

Authorities on January 26 released media mogul Waleed al-Ibrahim, owner of influential Arab satellite network MBC.Ibrahim held a family gathering at his residence after his release, three MBC employees told AFP on condition of anonymity.

Shares in Riyadh-listed global investment company Kingdom Holding soared at the opening on Sunday after the company's owner, Prince, was released after being detained for over two months in a corruption probe.

Despite being accused of money laundering, extorting officials and bribery, he said that there will be no charges against him: "There are just some discussions between me and the government".

Outside Prince Alwaleed's Riyadh palace, dozens of cars lined the entrances, as a huge Saudi flag flapped above.

The terms of his release are unclear but the government has said that most detainees have agreed on financial settlements in exchange for their freedom as the anti-corruption campaign winds down.

Saudi Arabia, the world's largest exporter of oil, recently announced reforms that included the cutting of subsidies, the introduction of value-added tax (VAT), and the end of most perks for royal family members. "I have my office here", Prince Al Waleed said.

Middle East Eye, quoting undisclosed sources reports that Prince Talal was released from Hotel Ritz-Carlton and arrived home.

Over 200 Saudi businessmen and royals were rounded up in November 2017 in an anti-corruption probe spearheaded by Crown Prince Mohammad bin Salman.

Also released after agreeing to settlements were Khalid al-Tuwaijri, head of the royal court under the late King Abdullah, and Prince Turki bin Nasser, who was involved in a massive arms sale that led to corruption probes in the United Kingdom and the U.S., one of the government officials said.

About 95 people still remain under detention.

Earlier this week, Saudi Attorney General Saud al-Mojeb was quoted in local media as saying some 90 detainees had been released after agreeing to settlements involving cash, real estate and other assets.

A senior Saudi official told CNN that the government had also seized 1.4 billion square meters of land.

Related Articles:

« Previous article
Next article »

Popular Pages

Victims' families of Ky. high school shooting speak before visitations
Dominico Caporali, whose 16-year-old daughter watched her classmate repeatedly pull the trigger, expressed a similar conviction. An attack at the local high school on Tuesday left two dead, 18 wounded and a close-knit community that will never be the same.

Noteworthy Stocks to Watch For: The Coca-Cola Company (KO), Comcast Corporation (CMCSA)
The Yacktman Asset Management Lp holds 16.23 million shares with $730.49 million value, down from 16.33 million last quarter. Following the completion of the sale, the insider now directly owns 24,673 shares in the company, valued at $1,183,070.35.

Poland deputy ambassador summoned over legislation criminalizing term 'Polish death camps'
In the words of Dr Martin Stern, a survivor of the Holocaust, "words can strengthen the thin shield of civilisation - or shatter it".

[PyeongChang 2018] PyeongChang 2018 certain to be largest Winter Olympics in history
Born in Seoul as Ahn Hyun-soo, Victor An won three gold medals for his native country at the 2006 Torino Winter Olympics. In an open letter to Bach, An demanded an explanation from the International Olympic Committee for his exclusion.

Sky profits climb by 10%
It could also mean a nail in the coffin of the Sky dish, which is a common sight on many modern United Kingdom homes. Operationally, Darroch said the company saw "good customer demand" for its products and services.

UVA escapes Durham with a 65-63 win over Duke
Although Duke (18-2, 6-2) trails Virginia in the ACC standings, the Blue Devils loom as the favorite for Saturday's game. In Ken Pomeroy's ratings (, Duke's defensive rating of 69th pales in comparison to top-rated Virginia .

Spanish court suspends Puigdemont's return to power in Catalonia
The Spanish government, however, has contested that a "fugitive" can not lead a regional parliament. The council's decision, although not binding, alarmed Rajoy, who didn't expect the setback.

'SNL' brings back Will Ferrell's George W. Bush
Comedy legend Will Ferrell returned to Saturday Night Live this weekend and brought with him one of his most famous impressions. His work has been featured on Sports Illustrated,,, and many others.

Netanyahu Vows Israel Will Retain Jerusalem Holy Sites in Any Peace Deal
Washington has since imposed new sanctions over Tehran's long-range missile programme. Netanyahu is scheduled to address the Davos conference on Thursday evening.

Erdogan: Our Syria Operation May Expand to Iraq
Turkish officials disputed the White House report, saying it did not "accurately reflect" the content of the leaders' discussions. In a dramatic move, Turkish military shot down Russian warplane for violating Turkish airspace on November 24, 2015.