Saudi Arabia’s richest man Prince Alwaleed bin Talal released from detention

January 28, 2018 7:11 pm

Saudi Arabian billionaire Prince Alwaleed bin Talal has been released from detention after he made an undisclosed financial settlement after spending two months in detention in a luxury hotel.

Crown Prince Mohammed bin Salman ordered the arrest of some of Saudi Arabia's wealthiest men and held them inside the Ritz-Carlton hotel in Riyadh, pictured

The 63-year-old prince was arrested as part of a major clampdown on corruption in Saudi Arabia. He was held, with dozens of other billionaires in the luxury Ritz-Carlton hotel in Riyadh until his release earlier today. Saudi officials said the prince made a financial settlement to secure his release but refused to reveal the amount.

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