From Ritz Carlton to high-security prison: Saudi prince reportedly moved after refusing to pay $6bn
Billionaire Saudi Prince Alwaleed bin Talal, who was among 60
detainees being kept under arrest at the Ritz Carlton Hotel, has
reportedly been transferred to a maximum-security prison after refusing
to pay $6 billion as part of a government anti-corruption purge.
The detainees were moved by Saudi authorities to Al-Ha’ir Prison. The
jail, located south of Riyadh, is the kingdom’s highest-security
prison. The relocation of detainees reportedly followed a failure to
negotiate their release with the government, refusing to make large
financial payments. Riyadh was planning to secure a reported $100
billion in settlements from the kingdom’s billionaires.
Alwaleed is a nephew of Saudi King Salman, and is worth more than $17
billion. He is ranked as the world’s 64th richest man, and was once
dubbed the "Arabian Warren Buffett."
The billionaire, who owns stakes in Twitter, Lyft and Citigroup, was arrested in November.
Last year, the Saudi authorities detained dozens of royals, top
government officials, and businessmen in a national anti-corruption
push, offering freedom to some of the detainees in exchange for paying
up to 70 percent of their wealth. The arrests followed the launch of a
new anti-corruption committee headed by Saudi Crown Prince Mohammad bin
Salman.
No comments
Your comments and Encouragement are welcome