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This is an archive article published on January 27, 2018

Detained Saudi billionaire Prince Alwaleed says he expects to be released in days

Prince Alwaleed said he expected to keep full control of his global investment firm Kingdom Holding without being required to give up assets to the government

Saudi Arabian billionaire Prince Alwaleed bin Talal, Prince Alwaleed bin Talal detention, Saudi Arabian Prince detention, Prince Alwaleed detention, world news, latest world news, indian express, indian express news Saudi Arabian billionaire Prince Alwaleed bin Talal sits for an interview with Reuters in the office of the suite where he has been detained at the Ritz-Carlton in Riyadh, Saudi Arabia January 27, 2018. (Reuters)

Saudi Arabian billionaire Prince Alwaleed bin Talal, detained in the kingdom’s sweeping crackdown on corruption, said on Saturday that he expected to be cleared of any wrongdoing and be released from custody within days. Prince Alwaleed was speaking in an exclusive interview with Reuters at his suite in Riyadh’s opulent Ritz-Carlton hotel, where he has been held for over two months along with dozens of other suspects.

The prince, one of the nation’s most prominent tycoons, said he was continuing to maintain his innocence of any corruption in talks with authorities. He said he expected to keep full control of his global investment firm Kingdom Holding without being required to give up assets to the government.

He also said he had been well treated in detention, describing rumours of mistreatment as completely false. He gave the interview partly in order to disprove such rumours, Prince Alwaleed said.

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