Saudi-Ethiopian Billionaire `Still Alive' Charged With Graft
- Mohammed Al Amoudi detained last year in Saudi ‘Ritz’ purge
- Official responds to rumors tycoon died, says still in custody
The Ritz Carlton Hotel in Riyadh, Saudi Arabia.
Photographer: Javier Blas/BloombergThis article is for subscribers only.
Saudi-Ethiopian billionaire Mohammed Al Amoudi is in the custody of authorities and has been charged with corruption and bribery, a Saudi official said on Thursday -- more than a year after the tycoon was held in the kingdom’s controversial anti-corruption campaign.
During Al Amoudi’s long detention, rumors spread among Saudi Arabia’s business elite that he had died. But the official, speaking on condition of anonymity, said he was “still alive” and would face trial in a Saudi court on a date yet to be confirmed.