Monday, 25 October 2021

Saudi billionaire prince Al-Waleed freed from detention

al-Waleed Bin Talal

RIYADH: Prince Al-Waleed bin Talal, the Saudi billionaire who invested in Twitter and Rupert Murdoch’s news empire, was released from detention Saturday at a plush Riyadh hotel where he and other princes were held as part of anti-corruption crackdown, according to media reports.

Several princes, ministers and former ministers have been released since their arrest in November and detention in the Ritz-Carlton hotel.

On Friday, another major media player, Waleed al-Ibrahim, owner of the influential Arab satellite network MBC.

al-Waleed Bin Talal

Some 350 suspects, including princes, were rounded up Nov. 4 in a purported crackdown on corruption spearheaded by Crown Prince Mohammed bin Salman, the 32-year-old son of the king and heir apparent.

The allegations against Prince Al-Waleed included money-laundering, bribery and extorting officials, one official told Reuters at the time of his arrest.

Al-Waleed returned to his residence in Riyadh on Saturday. He told the news agency earlier that he expected to be cleared of charges and released from custody within days.

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