Monday, February 11, 2008

Saudi royal Prince Bandar Bin Sultan's assets frozen


The Sunday Times

Contributed by Blog Reader

"PRINCE Bandar Bin Sultan, the former Saudi Arabian ambassador to America, has been hit by a court order in effect freezing some of his US assets, as part of a class-action lawsuit over bribery allegations at British defence giant BAE Systems.

A Michigan pension scheme � the City of Harper Woods Employees’ Retirement System � has been granted a restraining order, according to documents filed in the US district of Columbia and seen by The Sunday Times.

The order, granted last Tuesday, blocks Bandar from transferring out of the country any money he makes from the sale of property in America......"

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