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April 24
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Saudi Arabian billionaire Prince Alwaleed bin Talal has been released from detention, family sources said on Saturday, more than two months after he was taken into custody in the kingdom’s sweeping crackdown on corruption, according to Reuters.

“He has he arrived home,” a family source said.

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

It was reported earlier that Prince Alwaleed—who has Armenian roots—was negotiating a possible settlement with Saudi authorities.

Bin Talal had “offered a certain figure” to Saudi officials so that no charges will be brought against him. But the authorities, especially the attorney general, did not agree with that amount.

His daughter, Princess Reem Alwaleed Bin Talal, also was detained; but nothing is known about her fate.

Prince Alwaleed is one of the richest people in Saudi Arabia. As of January 14, Bloomberg has estimated his net worth at $17․7 billion. Aside from chairing Saudi Arabian investment firm Kingdom Holding, Prince Alwaleed holds stakes in several big international firms including Citigroup, Twitter, ride-hailing firm Lyft, and Time Warner.

Since early November 2017, Prince Alwaleed was held, with dozens of other members of Saudi Arabia’s political and business elite, detained in the crackdown, as authorities seek to reach settlements with the detainees.

Saudi officials say they aim to claw back some $100 billion of funds from the country’s officials and royal family members that are suspected of corruption.

A total of 60 princes and officials were detained along the lines of this crackdown.

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