Prince has to pay 5 billion for release

World December 24, 2017 05:36

riyad - The Saudi prince Al-Waleed bin Talal, who has been imprisoned for corruption since last month, can be released if he pays 6 billion dollars (5.05 billion euros). The Saudi authorities have determined that, writes the American newspaper The Wall Street Journal.

Banks in Saudi Arabia started a major anti-corruption campaign last month by order of the government. In addition, more than 1200 bank accounts are blocked from individuals and companies. A series of princes, businessmen and officers were arrested during the action. Most prominent target was Prince Al-Waleed bin Talal.

The prince is 57th on the list of richest people in the world. His assets are estimated at at least 15 billion euros. He amassed his fortune with worldwide stock trading and investments in companies.

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