Saudi Arabia’s Prince Alwaleed bin Talal was released from custody on Saturday 27 January, two months after he was detained as part of a crackdown on corruption in the kingdom.

The prince, who is one of the world’s richest businessmen, is one of the most high-profile figures to have been detained in Saudi Arabia since early November, when a crackdown on corruption was launched that involved the arrest and detention of princes at the Ritz Carlton Hotel in Riyadh.

According to a report by Reuters, Prince Alwaleed was freed after he reached a financial settlement with the attorney general. “The attorney general has approved this morning the settlement that was reached with Prince Alwaleed bin Talal, and the prince returned home at 11am,” an official told the news agency.

In an interview with Reuters before his release, Prince Alwaleed said he maintained his innocence of any corruption in talks with the authorities, adding that he expected to keep full control of his investment firm Kingdom Holding, without being required to hand assets to the state.

Other princes who have been released have paid billions of dollars for their freedom.