(Huffington Post) A Spanish court has dropped a rape probe against a Saudi prince who is one of the world’s richest people, saying his accuser’s allegations are inconsistent and do not stand up.

The ruling clearing Prince Alwaleed bin Talal, 57, was dated March 26 and released Thursday by a court in Palma in Spain’s Balearic Islands in the Mediterranean.

The drugging and sexual assault of a young Spanish model was alleged to have occurred aboard a yacht moored at the island of Ibiza in the wee hours of Aug. 12, 2008. A judge on the popular resort island quietly closed the probe in 2010, citing a lack of evidence.

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