Saudi prince Alwaleed bin Talal has been released after nearly three months in detention at a luxury hotel as part of an anti-corruption sweep, according to associates.
Prince Alwaleed is chairman of Kingdom Holding Company, which has investments in Twitter, Lyft, Apple and other western companies.
A report obtained by our reporter from the Associated Press reads that “ the prince was released on Saturday from the Ritz-Carlton in Riyadh, where he has been held since 4 November. They said it was not immediately clear what financial settlement or terms of release the prince had agreed on. The associates spoke on condition of anonymity because of the sensitivity of the matter.”
He was detained in November along with at least 10 other princes and dozens of prominent Saudi businessmen and officials suspected of corruption.