Saudi Arabia's billionaire Prince Alwaleed bin Talal begins negotiations to secure his freedom

Saudi Arabia’s billionaire Prince Alwaleed bin Talal, detained for over two months in an anti-corruption crackdown, is negotiating a possible settlement with authorities but so far has not agreed on terms, a senior official in the oil rich kingdom said.

Prince Alwaleed, whose net worth has been estimated by Forbes magazine at $17bn (£12.3bn), is chairman and owner of international investment firm Kingdom Holding and one of the country’s most prominent businessmen.

“He offered a certain figure but it doesn’t meet the figure required from him, and until today the attorney-general hasn’t approved it,” the official said on condition of anonymity under government briefing

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