Saudi prince freed in $1 billion settlement agreement: official

Senior Saudi Prince Miteb bin Abdullah, once seen as a leading contender to the throne, was freed after reaching an "acceptable settlement agreement" with authorities paying more than $1 billion, a Saudi official said on Wednesday. The official, who is involved in the anti-corruption campaign, said Prince Miteb was released on Tuesday after reaching "an acceptable settlement agreement". "The amount of the settlement was not disclosed but it is believed to be more than one billion US dollar equivalent," the official said.

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