This Saudi Prince Just Paid $1 Billion To Be Set Free



BBC: Saudi anti-corruption drive: Prince Miteb freed 'after $1bn deal'

Saudi Prince Miteb bin Abdullah has been released more than three weeks after he was detained on allegations of corruption, officials have said.

Prince Miteb, once seen as a contender to the throne, was freed after agreeing an "acceptable settlement" with authorities of more than $1bn (£750m).

He was one of more than 200 princes, ministers and businessmen detained in an anti-corruption drive on 4 November.

At least three others have also agreed settlements, the officials said.

"Yes, Prince Miteb was released this morning [Tuesday]," a source close to the government told the Agence France-Presse news agency.

The prince has so far not commented, and it was not clear whether he was now able to move freely or whether he was under some form of house arrest.

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WNU Editor: I suspect that some of these Saudi princes are beyond livid on what has happened to them .... and powerless to do anything about it.

More News On Saudi Prince Miteb bin Abdullah Paying $1 Billion To Be Set Free

Senior Saudi prince freed in $1 billion settlement agreement: official -- Reuters
Saudi Prince Released After $1 Billion Deal, Official Says -- Bloomberg
Son of late Saudi king released from detention, official says -- CNN
Saudi prince Miteb bin Abdullah pays $1bn in corruption settlement -- The Guardian
Saudi Prince Miteb bin Abdullah reportedly freed after $1B settlement agreement -- FOX News
Saudi Arabia Releases Senior Prince, Once Contender to the Throne, for $1 Bln -- Sputnik
Detained Saudi Prince Buys His Freedom For $1 Billion -- Zero Hedge

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