Prince Miteb set free after paying $1 billion to Saudi authorities

YemenExtra

Saudi Prince Miteb bin Abdullah has been freed after reaching a $1-billion “acceptable settlement agreement” with the Kingdom’s authorities.

According to a Saudi official on Tuesday, Prince Miteb, once deemed as a contender to the throne, admitted to corruption as part of his deal with the Saudi government.

“It is understood that the settlement included admitting corruption involving known cases,” the official added, also saying that three other people detained over corruption charges had been freed after reaching agreements with Riyadh.

The detained individuals are facing allegations of money laundering, bribery, extorting officials and misappropriation of public funds for personal benefits.

The detentions recalled a palace coup in June that ousted Mohammed bin Nayef bin Abdulaziz Al Saud as the first in line to the Saudi throne and replaced him with Mohammed bin Salman.

According to Press TV