Saudi Arabia's Richest Billionaire Wants To Make A Settlement To Get Out Of Jail

Saudi Prince Alwaleed bin Talal. Mary Catherine Wellons | CNBC

Reuters: Saudi Prince Alwaleed in settlement talks with government: sources

DUBAI/JEDDAH (Reuters) - Saudi Arabia’s billionaire Prince Alwaleed bin Talal, detained for over two months in an anti-corruption crackdown, is negotiating a possible settlement with authorities but so far has not agreed on terms, a senior Saudi official said.

Prince Alwaleed, whose net worth has been estimated by Forbes magazine at $17 billion, is chairman and owner of international investment firm Kingdom Holding 4280.SE, and one of the country’s most prominent businessmen.

“He offered a certain figure but it doesn’t meet the figure required from him, and until today the attorney-general hasn’t approved it,” the official said on condition of anonymity under government briefing rules.

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Update: Saudi Arabia's billionaire Prince Alwaleed bin Talal begins negotiations to secure his freedom (The Independent)

WNU Editor: He better hurry because his friends have deserted him .... Saudi Arabia’s Richest Man With Ties to Barrack Obama Thrown in Jail (Epoch Times), and he is running out of time ..... Jailed Prince Alwaleed bin Talal, Saudi Arabia's richest man, is running out of time to make a deal (CNBC).

Update #2: I am not going to shed a tear for this family .... Saudi Arabia's government has taken control of the construction giant owned by Osama Bin Laden's family (Business Insider/Reuters)

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