Saturday, 23 December 2017

Saudis Seek $6 Billion From Alwaleed, Wall Street Journal Says - Bloomberg

Saudis Seek $6 Billion From Alwaleed, Wall Street Journal Says - Bloomberg:

"Prince Alwaleed bin Talal, detained since early November in a corruption probe, faces a demand from Saudi Arabian authorities of at least $6 billion to win his freedom, the Wall Street Journal reported.


The price being demanded is among the highest sought for those who have been arrested, the newspaper reported, citing people familiar with the matter.

Alwaleed, 62, is the 57th-richest person in the world, with an $18 billion fortune according to the Bloomberg Billionaires Index. He is known internationally for investments in companies including Citigroup Inc., Apple Inc. and Twitter Inc.

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