Al-Waleed bin Telelphoto: Petros Giannakouris / AP
Detained on suspicion of corruption, the Saudi Prince al-Waleed bin Talal is negotiating with the authorities about settlement of claims. This is with reference to sources reported by Reuters.
According to the Agency, bin Talal suggested “donation” of Saudi Arabia, after which the Prince put forward charges. But the authorities, in particular the country’s Prosecutor General, with this amount did not agree.
Bin Talal and ten princes were detained and then arrested in November 2017 on charges of money laundering and abuse of power.
Al-Waleed is one of the richest men in Saudi Arabia, according to the January 14, Bloomberg estimates his fortune at $ 17.7 billion. Prince heads Kingdom Holding Co, the shares of which after his arrest, collapsed, causing the state bin Talal decreased by 1.2 billion before the arrest Bloomberg gave estimates in the $ 19 billion.
Saudi authorities intend to confiscate suspected of corruption of officials and members of the Royal family $ 800 billion. Overall the campaign arrested 60 of the princes and representatives of state agencies.
Wrote Bloomberg, in December Prince Metabo bin Abdulla managed to make a deal on the settlement of the proceedings, he, according to the Agency, paid for the liberation of a billion dollars.
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