Alwaleed bin Talal freed after reaching undisclosed settlement with the Crown Prince

CNBC

Saudi Arabian billionaire Prince Alwaleed bin Talal was released from detention on Saturday, family sources said, more than two months after he was taken into custody in the kingdom’s sweeping crackdown on corruption.

His release came hours after he told Reuters in an interview at Riyadh’s opulent Ritz-Carlton hotel that he expected to be cleared of any wrongdoing and be freed within days.

The terms of his release were not immediately clear, and Saudi officials could not immediately be reached for comment.

But the decision to free him, and the release of several other well-known tycoons on Friday, suggested the main part of the corruption probe was winding down after it sent shockwaves through Saudi Arabia’s business and political establishment.

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