Riyadh – Mubasher: Saudi Arabian billionaire Prince Alwaleed bin Talal was freed on Saturday after more than two-month detention in the kingdom's sweeping crackdown on corruption in November.
On Monday, the founder of Kingdom Holding Company’s (KHC) said that there were no charges against him, describing his arrest as a "misunderstanding."
"There are no charges. There are just some discussions between me and the government. Rest assured this is a clean operation that we have and we're just in discussion with the government on various matters that I cannot divulge right now," bin Talal told Reuters in an interview.
Prince Alwaleed was released after he reached a financial settlement with the attorney general, senior Saudi official told Reuters.
The decision to free the Arabian Warren Buffet and the release of several other well-known tycoons on Friday, showed that the main part of the corruption probe was winding down, Reuters added.
The Saudi Prince said he expected to keep full control of his KHC without being required to hand assets to the state.
In November, the Saudi government detained hundred businessmen, top officials and Saudi royals within the Ritz-Carlton hotel.
The crackdown was implemented by Saudi Crown Prince Mohammed bin Salman who is leading a reform drive in the kingdom.
Saudi Arabia seeks to diversify its economy away from oil and reform Saudi society.
