Saudi Prince Told That He Must Pay $6 Billion To Be Freed From Jail

Saudi Prince Al-Waleed bin Talal [Prince Alwaleed Bin Talal Alsaud/Facebook]

Daily Mai: Saudi authorities tell jailed Saudi Prince al-Waleed bin Talal he'll have to pay at least $6BN for his freedom after arrest in anti-corruption round-up

* Al-Waleed among dozens of royals detained in Riyadh's Ritz-Carlton last month
* The prince, who is accused of corruption, is the 57th-richest person in the world
* Royal could have to break up part of his $9bn conglomerate to pay for his release

Saudi authorities want at least $6billion from jailed Saudi Prince al-Waleed bin Talal to secure his freedom after he was arrested in a supposed anti-corruption purge.

This is the highest sum demanded so far by authorities in the Gulf state, and could involve handing over a large part of his conglomerate, Kingdom Holding Company, which has a market value of $9 billion.

Most of the princes detained at the five-star Ritz Carlton in Riyadh after being arrested in November have already paid large sums to secure their release.

Read more ....

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More News On Saudi Prince al-Waleed bin Talal Being Told That He Must Pay $6 Billion To Be Freed From Jail

The Price of Freedom for Saudi Arabia's Richest Man: $6 Billion -- Wall Street Journal
Freedom of Arrested Saudi Billionaire Prince Bin Talal's Priced At $6 Billion -- Newsweek
Saudis Seek $6 Billion From Alwaleed, Wall Street Journal Says -- Bloomberg
Saudi authorities demand one-third of Alwaleed bin Talal’s fortune to free him -- Daily Sabah
Wealthiest Saudi Prince Reportedly Pressured to Pay $6 Billion for Freedom -- Sputnik

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