31 May CORRECTED-Cayman Islands court dismisses claims in $126 bln Mideast ‘Ponzi scheme’
DUBAI, June 1 (Reuters) – A Cayman Islands court has
dismissed rival claims made by a Saudi Arabian family and the
Cayman companies of a Kuwaiti-born businessman, finding both the
family and the businessman to have defrauded scores of banks out
of about $126 billion over more than two decades.
dismissed rival claims made by a Saudi Arabian family and the
Cayman companies of a Kuwaiti-born businessman, finding both the
family and the businessman to have defrauded scores of banks out
of about $126 billion over more than two decades.
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