After three weeks of detention over allegations of corruption, Saudi Prince Miteb bin Abdullah was released on Tuesday, according to Saudi officials.

Prince Miteb who served as the Chief of National Guard and then the Minister of National Guard, was freed after reportedly agreeing on a settlement with authorities of more than $1bn (JOD 709m).

Miteb was among more than 200 politicians and public figures detained in the Ritz Carlton during anti-corruption raids.

According to BBC, three other figures were able to reach settlements with the government.

Earlier this month, Riyadh reportedly offered the detainees to pay up to 70 percent of their wealth to be freed.

"Yes, Prince Miteb was released this morning [Tuesday]," a source close to the government told the Agence France-Presse news agency.

Prince Miteb is the cousin of Crown Prince Mohammed bin Salman, who formed the anti-corruption committee and ordered the detention of the Saudi figures on November 4.

The sixty-four-year-old prince was dismissed from his position and replaced by Prince Khalid bin Ayyaf right before his detention.

The crackdown on corruption caused chaos in the region, as princes and businessmen’s bank accounts were closed, and private aircrafts and assets seized.

Meanwhile, Al-Waleed bin Talal, a high profile business man in Saudi Arabia who was among the detainees, raised concern over his absence in the business scene for the last three weeks.

With bin Talal holding shares in many different investments around the world, even Microsoft cofounder Bill Gates commented on his absence.

“Prince Al-waleed has been an important partner in my foundation’s work to ensure that kids around the world receive lifesaving vaccinations. We’ve worked together to help stop the spread of polio, measles and other preventable diseases. His commitment to philanthropy is inspiring," Gates told The New York Times.

The royal decree stated that the country will not rest until corruption has been eradicated and the corrupt are held accountable, along with whoever harms the country and exploits public money.