Saudi Arabia closes Ritz detention centre but 56 remain in custody elsewhere


"The estimated value of settlements now stands at morethan 400 billion riyals ($106 billion) represented in varioustypes of assets, including real estate, commercial entities, securities, cash and other assets", Sheikh Saud Al Mojeb said ina statement.

He said the total number of subpoenaed individuals reached 381, and 56 remained in custody. The government has been using the reserves, which peaked at $737 billion in August 2014, to cover a big budget deficit caused by low oil export receipts.

Dozens of top officials and businessmen were detained, many of them confined and interviewed at Riyadh's opulent Ritz-Carlton Hotel.

Over 100 detainees are believed to have been released.

"There are no longer any detainees left at the Ritz-Carlton", the official told Reuters, speaking on condition of anonymity.

More news: Asian Shares Ease As Weaker Dollar Weighs On Regional Firms
More news: Nafta negotiators open key round of talks amid upbeat signs
More news: Japan, China look to get ties back on track

Last week, the attorney general said that countrywide most detainees had agreed to settlements, 90 had been released after charges were dropped, and 95 remained in custody.

Renowned Saudi billionaire Prince Alwaleed Bin Talal gave up most of his fortune, including his shares in Saudi Kingdom Holding, in return for his freedom, US Forbes magazine reported. Some cases are expected to go for trial.

Although officials said both Prince Alwaleed and Ibrahim reached financial settlements after admitting unspecified "violations", Prince Alwaleed continued to insist publicly he was innocent, while MBC said Ibrahim had been fully exonerated.

The arrest of Alwaleed, one of the world's most prominent investors, had brought into sharp relief the power struggles, societal shifts and systemic changes taking place in Saudi Arabia under the leadership of the country's young crown prince, Mohammed bin Salman. Alwaleed bin Talal was released on Saturday, Jan. 27, 2018, from the luxury hotel where he has been held since November, according to three of his associates, marking the end of a chapter in a wide-reaching anti-corruption probe that has been shrouded in secrecy and intrigue. It has said it will reopen to the public in mid-February, with a nightly rate for its cheapest room of 2,439 riyals (Dh2,388).