FIRST AIRED: January 27, 2018

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Transcript

00:00:00
>> This is the main entrance here.>> For two months, Saudi Arabian billionaire, Prince Alwaleed bin Talal was detained in this hotel. Transformed into a luxurious prison for dozens of political and business elite, arrested in an anti-corruption crackdown on the kingdom. On Saturday, he was released after a settlement he had agreed to was approved by the attorney general.
00:00:22
In an exclusively interview with Reuters just hours before his release, he said he expected to be cleared of any wrong doing.>> They're not charges.>> Okay.>> They're just some discussions me and the government, I mean but the rest assure that this is a clean operation that we have.
00:00:39
And we're just in discussion with the government on various methods, and that I cannot divulge right now because we are in confidential discussion with them.>> It was the first time the prominent businessman has spoken publicly since his detention at Riyadh Ritz Carlton hotel, where he's caught up in crown prince, Mohammad bin Salman's bold plan to consolidate control and reform the country.
00:01:00
A Saudi official told Reuters at the time, Prince Alwaleed was accused of money-laundering, bribery, and extorting officials. But he says, he is maintaining his innocence of any corruption, and will retain his position as head of global investment firm, Kingdom Holding Co. The flamboyant prince is one of the richest man in the world.
00:01:19
Like in this, Middle East Warren Buffet, with investments in top companies like Apple, Disney, Twitter and Time Warner. Authorities had been hoping to reach financial settlements with most suspects and believe they could raise some $100 billion for the government this way. The main part of the corruption probe is now believed to be winding down.