DUBAI/JEDDAH (Reuters) – Saudi Arabia’s billionaire Prince Alwaleed bin Talal, detained for over two months in an anti-corruption crackdown, is negotiating a possible settlement with authorities but so far has not agreed on terms, a senior Saudi official said.
Prince Alwaleed, whose net worth has been estimated by Forbes magazine at $17 billion, is chairman and owner of international investment firm Kingdom Holding, and one of the country’s most prominent businessmen.
Figure - Figure - Today - Official - Condition
“He offered a certain figure but it doesn’t meet the figure required from him, and until today the attorney-general hasn’t approved it,” the official said on condition of anonymity under government briefing rules.
A second source familiar with Prince Alwaleed’s case told Reuters on Saturday that he had offered to make a “donation” to the Saudi government, which would avoid any admission of wrongdoing, and to do so from assets of his own choosing. But the government refused those terms, the source said.
November - Prince - Alwaleed - Dozens - Members
Since early November Prince Alwaleed has been held, with dozens of other members of Saudi Arabia’s political and business elite detained in the crackdown, in Riyadh’s opulent Ritz Carlton hotel as...
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