ksa demands 6bn for the release of prince alwaleed
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

KSA demands $6bn for the release of Prince Al-Waleed

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today KSA demands $6bn for the release of Prince Al-Waleed

Prince Al-Waleed Bin Talal
Riyadh - Al Maghrib Today

Authorities in Saudi Arabia are demanding $6 billion from Prince Al-Waleed Bin Talal, one of the richest men in the world, in return for his release after he was arrested in an anti-corruption purge last month in Riyadh.

The prince, who is the 57th richest man in the world, was one of dozens of businessmen, royals and government officials detained last month in the capital’s Ritz Carlton hotel in a move led by Crown Prince Mohammad Bin Salman.

 

Many of the others have since been released, with reports that many have paid for their freedom, but the fee demanded for Prince Al-Waleed is believed to be one of the highest. Allegations levelled against Prince Al-Waleed included extortion, bribery and money laundering.

Prince Al-Waleed is believed to be worth some $18.7 billion, and has accrued a vast portfolio that includes holdings in Citi Bank, Disney, Twitter and London’s Savoy hotel. But he has reportedly refused to pay any such fee for his release, claiming that paying such a fee would amount to an admission of guilt.

It is also believed that the fee could lead to the dismantling of much of the business empire he has spent his life building. A source close to the prince told The Wall Street Journal newspaper “He wants a proper investigation. It is expected that al-Waleed will give [Prince Bin Salman] a hard time.”

The $6 billion figure was reported by The Wall Street Journal. Last month, Prince Mutaib Bin Abdullah, the son of the late King Abdullah and head of the country’s National Guard, who was also caught up in the purge was released after paying a reported $1 billion. In total, 320 people were arrested.

In an interview with The New York Times last month, Crown Prince Mohammad Bin Salman said that some 10 per cent percent of government funds had been lost to corruption each year since 1980. He said that 95 per cent of those caught up in the corruption probe had agreed to such settlements.

“About 1 per cent are able to prove they are clean and their case is dropped right there. About four percent say they are not corrupt and with their lawyers want to go to court,” he said.

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ksa demands 6bn for the release of prince alwaleed ksa demands 6bn for the release of prince alwaleed

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ksa demands 6bn for the release of prince alwaleed ksa demands 6bn for the release of prince alwaleed

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 09:45 2018 Friday ,19 January

Syria threatens to 'destroy' Turkish warplanes

GMT 14:01 2012 Thursday ,05 January

Philly Kids enticed out of classrooms by electric car

GMT 10:10 2014 Tuesday ,22 April

PM: Almost one million Syrian refugees in Turkey

GMT 16:46 2016 Friday ,11 November

Hollywood in shock over Trump victory

GMT 11:47 2017 Monday ,18 December

New Austrian rightwing government sworn in

GMT 08:40 2017 Monday ,18 December

War against IS in Syria will be won by February

GMT 14:46 2017 Monday ,02 January

Chinese firms penalised for copying ‘Cars’

GMT 13:56 2015 Thursday ,17 December

Heavy rains continue to pour over Alexandria

GMT 07:23 2017 Friday ,14 April

Bahrain weather forecast

GMT 14:35 2017 Thursday ,23 February

HRH Princess Sabeeka inaugurates BIGS 2017

GMT 10:09 2017 Thursday ,30 March

Oscars keep accountants behind best picture fiasco

GMT 17:51 2012 Wednesday ,13 June

It\'s getting hotter and hotter

GMT 22:14 2011 Thursday ,22 September

Russia, Iceland consider joint geothermal energy projects

GMT 11:51 2013 Monday ,08 April

Exhumation of Chilean poet Pablo Neruda begins

GMT 21:17 2014 Monday ,27 October

3 things you can literally learn in your sleep
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday