Morocco/Ethiopia: Al-Amoudi released at last, his empire under pressure
- 31 Jan 2019
| 3 minute read
Saudi authorities have released Saudi-Ethiopian billionaire Mohammed Hussein Al-Amoudi after more than 14 months in detention, initially in the Ritz-Carlton Hotel in Riyadh, in the corruption purge ordered by Crown Prince Mohammed Bin Salman Bin Abdelaziz Al-Saud. As with other business figures held in November 2017, Al-Amoudi seems to have engineered his release in a settlement process involving the transfer of cash and assets. “He paid and he paid a lot,” the Wall Street Journal quoted “a person familiar with Amoudi’s situation” saying.
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