Senior Saudi prince freed in settlement agreement of $1 billion

DUBAI - Senior Saudi Prince Miteb bin Abdullah, once seen as a leading contender to the throne, was freed after reaching an "acceptable settlement agreement" with authorities paying more than $1 billion, a Saudi official said on Wednesday.
The official said Miteb, in his deal with the government, had admitted corruption. Three other people involved in corruption cases have also finalized settlement agreements with authorities, the official told Reuters.
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