Saudi billionaire Prince Al-Waleed bin Talal was released on January 27 after almost three months in detention following a "settlement" with authorities, as a sweeping anti-corruption campaign targeting the kingdom's elite winds down.
The assets of Prince Alwaleed, who is in his early 60s, appeared at risk of seizure or liquidation when he was detained in November in a crackdown on corruption.
Hours earlier in an exclusive interview with Reuters, he said he expected to be cleared of charges and released from custody within days.
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.
"He has he arrived home", one told Reuters. Alwaleed is the chairman of Kingdom Holding Co. which has stakes in Twitter, Time Warner, Citigroup, Apple, Motorola and many other well-known companies, as well as several satellite television networks that are prominent in the Arab world. The Prince however said, "There are no charges".
Saudi authorities said they aimed to reach financial settlements with most suspects and believed they could raise some $100bn for the government this way.
The prince, sometimes pictured vacationing on his 278-foot super-yacht in the Mediterranean, is among the most outspoken Saudi royals and a longtime advocate of women's rights.
More than 200 princes, politicians and wealthy businessmen were detained in a crackdown on "systematic corruption" launched by Crown Prince Mohammed bin Salman in November.
WWE Royal Rumble 2018 Predictions
I remain concerned that having two Royal Rumble matches on one show will be too much of a good thing, but I'm all for finding out. This would also play into that no one is ready for Asuka . "I'm a fighting champion", Bliss confidently said at the time.
The senior Saudi official, asked if the attorney general was convinced of the innocence of Prince Alwaleed, said: "I will not negate or confirm what he says".
The company - in which the prince has a 95 per cent stake - owns The Savoy in London, the Fairmont Plaza in NY and the George...
The release of Prince Alwaleed, whose net worth has been estimated by Forbes magazine at $17bn, may reassure investors in his business empire.
According to the billionaire prince, the interview was granted in order to dispel rumours of mistreatment by Saudi authorities.
According to Prince Alwaleed, he felt "so comfortable, so relaxed.like at home" in the Ritz.
They had their smartphones taken away, but could communicate with family or business executives during detention from phones in their rooms.
The share price of the company, 95 percent of which is owned by Prince Al-Waleed, rose the maximum allowed 10 percent at the start of the week's trading, regaining its level from before the arrest.
In the corner of his office sat tennis shoes, which he said he used regularly for exercise.