Saudi Prince Alwaleed relinquished most of his wealth for freedom
- Author: Rogelio Becker Jan 31, 2018,
Jan 31, 2018, 4:19
The settlements consist of a various assets including real estate, commercial entities, securities, and cash, Mojeb said, as cited in a statement released by the government's information office.
The attorney general said the remaining 56 individuals still in custody have not reached financial settlements "due to other pending criminal cases, or in order to continue the investigation process".
The huge sum, if it is successfully recovered, would be a major financial boost for the government, which has seen its finances strained by low oil prices. "Whoever the person is, he is being held accountable, whether a royal or a citizen", said Abdullah al-Otaibi, drinking at a Riyadh coffee shop on Tuesday.
The prince, 62, had been the most well-known and prominent detainee held at the Ritz-Carlton hotel in the Saudi capital, Riyadh, since November 4, when his much younger cousin, Crown Prince Mohammed bin Salman, ordered the surprise raids against prominent princes, businessmen, ministers and military officers.
A number of former and incumbent Saudi officials, as well as princes, were detained by Saudi authorities amid the anti-corruption operation in the country, including 11 princes from the ruling family and four ministers from the current government.
Saudi Arabia said on Tuesday it had arranged to recover nearly $107-billion in settlements from businessmen and officials detained in the country's months-long corruption purge.
"There are no longer any detainees left at the Ritz-Carlton", the official told Reuters, speaking on condition of anonymity under briefing rules. Some cases will go to trial.
His release came hours after he told Reuters in an interview at Riyadh's opulent Ritz-Carlton hotel that he expected to be cleared of any wrongdoing and be freed within days. Alwaleed bin Talal was released on Saturday, Jan. 27, 2018, from the luxury hotel where he has been held since November, according to three of his associates, marking the end of a chapter in a wide-reaching anti-corruption probe that has been shrouded in secrecy and intrigue.
Kingdom Holding's employees welcomed Prince Alwaleed bin Talal at the entrance of the company with clapping, a video on social media showed. The hotel, where the cheapest room costs $650 a night, is to reopen to the public in mid-February.