DUBAI – Once seen as a leading contender for the throne, senior Saudi Prince Miteb bin Abdullah has been released on Wednesday from detention after agreeing an “acceptable settlement” of more than $1 billion in a settlement with authorities, a Saudi official told Reuters. The official said Miteb had admitted corruption.
The son of the late King Abdullah and former head of the elite National Guard, was among dozens of royal family members rounded up as part of a corruption inquiry, partly aimed at strengthening the power of Crown Prince Mohammed bin Salman.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Three other high ranked figures involved in corruption cases have also finalized settlement agreements with the Saudi Arabia authorities, the official told Reuters.