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HomeEthiopian NewsBillionaire Al-Amoudi transferred from Ritz-Carlton to maximum security prison

Billionaire Al-Amoudi transferred from Ritz-Carlton to maximum security prison

Ethiopian born Saudi billionaire Al-Amoudi transferred to Al-Ha’ir prison, South of the capital Riyadh

Al Amoudi _ Billionaire
Al Amoudi
Source : Tadias Addis

January 10,2018

Saudi Arabian government transferred billionaire prisoners from Ritz-Carlton Hotel in the capital Riyadh,where they were held since November, to Al-Ha’ir prison facility south of the capital, reported Middle East Monitor citing another Arabic news source, Al-Araby Al-Jadeed.

About sixty prisoners are transferred to Al-Ha’ir,added the report,and the prison is known to be Saudi Arabia’s maximum security prison which Saudi Arabia used to detain activists and terror suspects.

Initially the number of people arrested in what Saudi Arabia say is an anti-corruption crackdown was about 200 and some are released after striking a deal with the government to get their freedoms in exchange for cash. Apparently, the latest release was in late Decembe of last year

Saudi Arabian government seeks to raise about $100 US from arrested billionaires. The country’s richest man, Prince Al-Waleed Bin Talal, is among those who are transferred to the prison facility.

Ethiopian born Saudi billionaire, Mohamed Al-Amoudi who is estimated to be worth well over $10.5 billion, is among prisoners who were unable to strike a deal with government to get their freedom in return for huge financial payment to Saudi Arabian government and is believed to be among those who are transferred to Al-Ha’ir prison.

Al Amoudi has well over $3.5 billion investment in Ethiopia in multiples of sectors.

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