{"id":7917,"date":"2018-01-27T13:56:10","date_gmt":"2018-01-27T13:56:10","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/saudi-prince-al-waleed-released-after-settlement\/"},"modified":"2018-01-27T13:56:10","modified_gmt":"2018-01-27T13:56:10","slug":"saudi-prince-al-waleed-released-after-settlement","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/saudi-prince-al-waleed-released-after-settlement\/","title":{"rendered":"Saudi Prince Al-Waleed released after \u2018settlement\u2019"},"content":{"rendered":"<p>\n<\/p>\n<div itemprop=\"description\" readability=\"106\">\n<p>Billionaire Saudi Prince Al-Waleed was released on Saturday after nearly three months in detention, a business associate told AFP, as a sweeping anti-corruption campaign targeting the kingdom\u2019s elite winds down.<\/p>\n<figure id=\"attachment_891289\" style=\"max-width: 429px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/cdn.vanguardngr.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-09-at-20.54.17.png?resize=429%2C282&#038;ssl=1\" data-lazy-src=\"https:\/\/i0.wp.com\/cdn.vanguardngr.com\/wp-content\/plugins\/lazy-load\/images\/1x1.trans.gif?ssl=1\" alt=\"\" width=\"429\" height=\"282\" class=\"size-full wp-image-891289\" srcset=\"https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-09-at-20.54.17.png 429w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-09-at-20.54.17-300x197.png 300w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-09-at-20.54.17-58x38.png 58w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-09-at-20.54.17-260x171.png 260w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-09-at-20.54.17-198x130.png 198w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-09-at-20.54.17-115x77.png 115w\" sizes=\"auto, (max-width: 429px) 100vw, 429px\"\/><noscript><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/cdn.vanguardngr.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-09-at-20.54.17.png?resize=429%2C282&#038;ssl=1\" alt=\"\" width=\"429\" height=\"282\" class=\"size-full wp-image-891289\" srcset=\"https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-09-at-20.54.17.png 429w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-09-at-20.54.17-300x197.png 300w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-09-at-20.54.17-58x38.png 58w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-09-at-20.54.17-260x171.png 260w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-09-at-20.54.17-198x130.png 198w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-09-at-20.54.17-115x77.png 115w\" sizes=\"auto, (max-width: 429px) 100vw, 429px\"\/><\/noscript><figcaption class=\"wp-caption-text\">Al-Waleed bin Talal<\/figcaption><\/figure>\n<\/p>\n<p>Prince Al-Waleed bin Talal, dubbed the Warren Buffett of Saudi Arabia, was the most high-profile detainee among 350 suspects rounded up since November 4, including business tycoons and ministers, who were held in Riyadh\u2019s luxury Ritz-Carlton <a href=\"https:\/\/amazingproperty.com.ng\/blog\/choosing-the-perfect-hotel-for-your-stay\/\">hotel<\/a>.<\/p>\n<p><!-- between content ad --><\/p>\n<p>The terms of his release were unclear but the government had previously said that most detainees agreed on financial settlements in exchange for their freedom.<\/p>\n<p>\u201cHe (Prince Al-Waleed) is out,\u201d the associate said, requesting anonymity as he was not authorised to speak to the media.<\/p>\n<p>The Saudi information ministry did not respond to AFP\u2019s requests for comment.<\/p>\n<p>Prince Al-Waleed is the latest in a series of high-profile detainees to be freed from the hotel, as the campaign launched by Crown Prince Mohammed bin Salman draws to a close.<\/p>\n<p>Authorities on Friday released media mogul Waleed al-Ibrahim, owner of influential Arab satellite network MBC.<\/p>\n<p>Ibrahim held a family gathering at his residence after his release, three MBC employees told AFP on condition of anonymity. The staff also received an official e-mail congratulating them on his freedom.<\/p>\n<p>The Financial Times reported earlier Friday that authorities had ordered Ibrahim to hand over his controlling stake in MBC to secure his release.<\/p>\n<p>Authorities have so far not commented on his case.<\/p>\n<p>Another high-profile detainee, former National Guard chief Prince Miteb bin Abdullah, was released recently following his \u201csettlement\u201d with authorities which reportedly exceeded $1 billion.<\/p>\n<p>The government said most of those detained agreed monetary settlements in exchange for their freedom, which could earn state coffers about $100 billion.<\/p>\n<p>Most detainees agreed on financial settlements in \u201ccash, <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">real estate<\/a> and other assets\u201d, Saudi-owned Al Arabiya television reported last week.<\/p>\n<p>The windfall will help the government finance a package announced by King Salman this month to help citizens cope with the rising cost of living, Finance Minister Mohammed al-Jadaan told Al Arabiya in Davos on Wednesday.<\/p>\n<p>Crown Prince Mohammed, the 32-year-old son of the king, has spearheaded the unprecedented crackdown on corruption among members of the government and royal family, as he consolidates his grip on power in the kingdom.<\/p>\n<p>Some critics have labelled the campaign a shakedown, but authorities insist the purge targeted endemic corruption as Saudi Arabia seeks to diversify its oil-dependent economy.<\/p>\n<p>The Ritz-Carlton is set to reopen for business next month, sources at the hotel have said. Its website lists rooms as available from February 14.<\/p>\n<\/p><\/div>\n<p><a hre=\"https:\/\/www.vanguardngr.com\/2018\/01\/saudi-prince-al-waleed-released-settlement\/\"> Vanguard <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Saudi Prince Al-Waleed was released on Saturday after nearly three months in detention, a business &hellip; <a title=\"Saudi Prince Al-Waleed released after \u2018settlement\u2019\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/saudi-prince-al-waleed-released-after-settlement\/\"><span class=\"screen-reader-text\">Saudi Prince Al-Waleed released after \u2018settlement\u2019<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7021,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1331,1330,84,10234,15296],"class_list":["post-7917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-finance","tag-financial","tag-real-estate","tag-settlement","tag-target"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-09-at-20.54.17.png?fit=429%2C282&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7020,"url":"https:\/\/amazingproperty.com.ng\/blog\/saudi-arabia-to-confiscate-300b-assets-of-alwaleed-others\/","url_meta":{"origin":7917,"position":0},"title":"Saudi Arabia to confiscate $300b assets of Alwaleed, others","author":"Amazing Property","date":"November 9, 2017","format":false,"excerpt":"Saudi Arabia has announced it will confiscate money and assets, running into $300billion held by dozens of top officials and businessmen detained in an anti-corruption crackdown. 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