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Before long, rumors swirled: Was the billionaire Mohammed al-Amoudi even alive?Amoudi, is "still alive" and will stand trial at some point for corruption and bribery, according to a Saudi official who asked not to be identified.What's remarkable about his situation is that despite his prolonged detainment, a result of Crown Prince Mohammad bin Salman's crackdown on graft in the kingdom, the bulk of Amoudi's global business empire has boomed.Amoudi has been in touch with relatives and is reported to be in good health, according to his spokesman, Tim Pendry. He disputed that Amoudi has been officially charged with any wrongdoing and declined further comment.Amoudi, whose fortune can be traced to a Saudi government contract during the reign of King Fahd, has accumulated $7.6 billion of assets outside the kingdom and owns businesses employing thousands of people in Europe and Africa. The crackdown targeted wealthy members of the business elite from Jeddah in particular, a group -- Amoudi included -- who prospered in part through ties to King Abdullah and King Fahd.Yes, the sole shareholder of the $5 billion company has been missing for months, but the operations haven't been affected, the analysts wrote.'National issue'None of the billionaire's business associates has publicly sought answers from Saudi Arabia on Amoudi's predicament.
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