Prince Alwaleed in settlement talks with Saudi govt

FE Team | Published: January 14, 2018 21:40:14

RYADH, Jan 14 (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, 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.
A second source familiar with Prince Alwaleed's case told Reuters on Saturday that he had offered to make a "donation" to the Saudi government, which would avoid any admission of wrongdoing, and to do so from assets of his own choosing. But the government refused those terms, the source said.