Saudi billionaire Prince Al-Waleed released

January 27, 2018 19:07

Saudi Arabia released billionaire Prince Al-Waleed bin Talal today nearly three months after his arrest in an anti-corruption drive targeting the kingdom's elite.

"He (Prince Al-Waleed) is out," a business associate of the Prince was quoted as saying by agencies.

Prince Al-Waleed, dubbed the Warren Buffett of Saudi Arabia, was among some 350 suspects rounded up since November 4, including billionaire tycoons and ministers who were detained in Riyadh's luxury Ritz-Carlton hotel.

Prince Al-Waleed is the latest in a series of high- profile detainees to be freed from the hotel.

However, the Saudi information ministry has not issued any remarks in this regard.

Authorities have previously said most of those detained struck monetary settlements in exchange for their freedom, which could earn state coffers about $100 billion. -- Agencies

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