Riyadh, Nov 30: Saudi Arabian Prince Miteb Bin Abdullah was freed after he agreed to pay $1 billion to settle all the corruption charges against him. 65-year-old Miteb was rounded up this month in a crackdown on corruption along with other royal family members high officials and senior businessmen. Miteb, an official said, was released after “an acceptable settlement agreement”.
Prince Miteb, according to the reports, was accused of embezzlement, hiring ghost employees, awarding contracts to his own firms. He was held at the Ritz-Carlton hotel in Riyadh along with his brother Prince Turki bin Abdullah; investor Prince Alwaleed bin Talal; owner of the TV network MBC Alwalid al-Ibrahim; former head of the Saudi Arabian General Investment Authority Amr al-Dabbagh; and former chief of the Royal Court Khalid al-Tuwaijri.
Miteb, son of the late King Abdullah, was the most politically influential royal detained on corruption charges headed by his 32-year-old cousin, Crown Prince Mohammed bin Salman. Miteb, who was the minister of the National Guard was sacked hours before his detention.
The official said, “It is understood that the settlement included admitting corruption involving known cases,” adding that the agreed sum could also be over $1 billion.
Mohammed bin Salman had claimed that the detainees have agreed to hand over all the cash and illegal properties once the officials show them the files. “About one per cent are able to prove they are clean and their case is dropped right there,” he said, adding, “About four per cent say they are not corrupt and with their lawyers want to go to court.”