Saudi Prince Alwaleed says corruption detention was a ‘misunderstanding’

Wealth


In the November crackdown, the Saudi government arrested and detained several hundred businessmen, senior officials and Saudi royals like Alwaleed, many within the Ritz-Carlton hotel. Multiple reports, citing anonymous sources, have suggested that detainees handed over assets in order to buy their freedom.

Alwaleed, the billionaire owner of international investment company Kingdom Holding, told Reuters that he had accepted the interview request with the news agency because he was upset by media reports that had suggested he’d been sent to prison and tortured. “All lies. It’s very unfortunate,” he said.

The crackdown was overseen by Saudi Crown Prince Mohammed bin Salman who is leading a reform drive in the country aimed at diversifying the economy away from oil and reforming Saudi society.



Source link

Products You May Like

Articles You May Like

When it comes to difficult financial tasks, few people ask for help
Oppenheimer upgrades Nike for ’embracing the power of digital’
Netflix Q3 2018 earnings and revenue 
RV demand healthy, but rates and tariffs could add pressure
Wedbush’s Ives sees big iPhone numbers

Leave a Reply

Your email address will not be published. Required fields are marked *