Saudi Prince Released After $1 Billion Deal, Official Says

  • Prince Miteb agreed to pay settlement in corruption probe
  • Saudi crown prince said most graft suspects agreed to settle
Bloomberg’s Zainab Fattah discusses the corruption probe in Saudi Arabia.Source: Bloomberg
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Prince Miteb bin Abdullah, one of the most senior Saudi royals detained in the kingdom’s corruption crackdown, has been released after reaching a settlement deal believed to exceed the equivalent of $1 billion, an official involved in the anti-graft campaign said.

Prince Miteb, who headed the powerful National Guard until earlier this month, was released Tuesday, the official said on condition of anonymity in discussing matters under the supervision of the public prosecutor. At least three other suspects have also finalized settlement deals, the official said. It wasn’t immediately possible to reach Prince Miteb, son of the late King Abdullah, for comment.