Front Page

Saudi Arabia Anti-Corruption Purge: Detainees Released After Paying Huge Settlements

Some of the Saudi princes, politicians and wealthy businessmen detained in November in an anti-corruption purge have been released.

Among those set free are Waleed al-Ibrahim, the head of MBC television network, and Khalid al-Tuwaijiri, a former chief of the royal court.

According to reports, they have paid substantial financial settlements, though the amounts have not been made public.

More than 200 Saudis were detained in the crackdown.

Since then, they have been held in the Ritz Carlton hotel in Riyadh, which is due to reopen on February 14.

The settlements are likely to have been costly.

Prince Miteb bin Abdullah, who was released at the end of November, paid more than $1 billion.

Image source Wikimedia

Saudi Arabia $100 Billion Scandal: Over 200 People Detained in Anti-Corruption Purge

Media reports suggest that Waleed al-Ibrahim’s deal may have included his controlling share in MBC – the largest media company in the Middle East.

The anti-corruption drive was instigated by Prince Mohammed bin Salman – who has been accused of using the investigation to remove opponents and consolidate his power.

In the aftermath of the purge, Saudi Arabia’s attorney general said at least $100 billion had been misused through systemic corruption and embezzlement going back decades.

The detentions – and the expensive settlements – are being characterized by the state as an attempt to recover those funds.

Many more of those detained remain in the Ritz Carlton under guard, until it reopens for Valentine’s Day in mid-February.

Those who do not reach settlements before then are expected to be sent to prison to await trial.

Meanwhile, one of the highest-profile detainees, Prince Alwaleed bin Talal, told Reuters on January 27 that he expected to be cleared of wrongdoing and “released from custody within days”.

Prince Alwaleed bin Talal – who is one of Saudi Arabia’s richest people – said he expected to keep full control of his investment firm.

Diane A. Wade

Diane is a perfectionist. She enjoys searching the internet for the hottest events from around the world and writing an article about it. The details matter to her, so she makes sure the information is easy to read and understand. She likes traveling and history, especially ancient history. Being a very sociable person she has a blast having barbeque with family and friends.

Recent Posts

Donald Trump and Elon Musk Celebrate Election Victory at UFC 309

Image source: Wikimedia Commons President-elect Donald Trump celebrated his election victory at the Ultimate Fighting…

5 days ago

White House 2024: Donald Trump Wins, Kamala Harris Calls Him to Concede Election

Millions of voters across the US chose to return Donald Trump to the White House…

2 weeks ago

Who Won? Donald Trump Declares Victory as He Addresses Jubilant Supporters in Florida

Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.…

2 weeks ago

Stocks Soaring as Donald Trump Closes in on US Victory

Stocks around the world are rising as Donald Trump appears to be on the cusp…

2 weeks ago

Who Won? Kamala Harris Cancels Election Night Party as Path to Victory Narrows

Donald Trump has won Pennsylvania, North Carolina and Georgia and taken a lead over Kamala…

2 weeks ago

Quincy Jones Dead at 91

Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…

2 weeks ago