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Bin Talal not allowed leave Saudi Arabia after release

14 March, 2018, 06:25 | Author: Kristen Ingram
  • Saudi Crown Prince Concludes UK Visit with a Raft of Business Deals

While London is preferred over NY, the requirement by both for greater disclosure of sensitive information on Aramco than the Hong Kong exchange is viewed as a drawback by some Saudi officials and advisers, the sources said.

The newspaper said at least 17 detainees were hospitalised after facing abuse, while a Saudi general later died in custody with what witnesses said appeared to be a broken neck. One person who saw the corpse of the officer, Maj.

Major General al-Qahtani was an aide to the son of the late Saudi King Abdullah.

With the prospect of a listing in London and NY receding, sources familiar with the IPO told Reuters that Hong Kong was now emerging as an increasingly likely compromise because Riyadh wants to help Asian nations that are expected to become cornerstone investors. The official added that the detainees had "full access" to legal counsel and medical care.

The hugely influential Saudi prince is visiting Egypt, Britain and the United States as part of a long foreign trip, his first as crown prince.

In November, Saudi Arabia launched an anti-corruption purge, arresting hundreds of the country's elite, including billionaires, government ministers, and royal family members.

Now, nearly two months after the purge officially came to an end, The New York Times has released a report, echoing claims made by the MEE in November.

Relatives of the captives said that some of the detainees were deprived of sleep, roughed up and interrogated with their heads covered while the government pressured them to sign over large assets.

Saudi officials said the crackdown, which came through royal decree, was in response to "exploitation by some of the weak souls who have put their own interests above the public interest, in order to illicitly accrue money".

According to the New York Times, some of the powerful detainees may have suffered abuse at the hands of their captors as they were coerced into agreements to hand over billions of dollars to the Saudi government in return for their freedom.

According to former detainees quoted by the newspaper, many are being forced to wear tracking devices on their ankles.

The former detainees were quoted by the newspaper as saying that numerous released are being forced to wear tracking devices on their ankles.

"I would guess it is about evens that there will be no worldwide IPO", one high-level source said, according to the agency.

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