RIYADH: Saudi prince freed after $1 billion settlement!

• The official said Miteb, in his deal with the government, had admitted to corruption.

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 to corruption.

Three other people involved in corruption cases have also finalised settlement agreements with authorities, the official told Reuters.