Published On: Wed, Nov 29th, 2017

Saudi prince Miteb bin Abdullah pays $1 Billion in corruption settlement

Prince Miteb bin Abdullah / ArabToday


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.

Three other high ranked figures involved in corruption cases have also finalized settlement agreements with the Saudi Arabia authorities, the official told Reuters.




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