Saudi Arabia has freed Saudi-Ethiopian billionaire Mohammed al-Amoudi, more than a year after the tycoon was detained under the kingdom's controversial anti-corruption campaign. Most were freed after reaching settlement deals with the government, including Saudi businessman and billionaire Prince Alwaleed bin Talal. According to a Forbes report last year, his net worth was estimated to be $10.9bn. Forbes downgraded his net worth earlier this month to $1.2bn "due to a lack of clarity about which assets he still owns". Saudi Arabia's Attorney General Sheikh Saud al-Mojeb said last January that the kingdom had seized more than $100bn in anti-corruption settlements.

Source: Ethiopian News January 27, 2019 15:59 UTC