LONDON — Saudi Arabian authorities are reportedly negotiating settlements with princes and businessmen detained in last month’s anti-corruption purge, according to a report in the Financial Times.
Saudi officials are asking some of the businessmen, royals and ministers detained in Crown Prince Mohammad bin Salman’s purge to pay as much as 70% of their wealth in return for their freedom, people familiar with the situation told the Financial Times.
The person said some had begun to hand over assets: “They are making settlements with most of those in the Ritz [Carlton hotel in Riyadh, where they are being held],” they said. “Cough up the cash and you will go home.”
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