Fraud & Ethics
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Saudi conglomerate aided fraud against 100 banks, judge rules
A Saudi conglomerate can’t collect damages from a former manager it blamed for a multibillion-dollar fraud against 100 banks because the family-owned company was complicit in the scheme, a Cayman Islands court ruled. The 1,348-page ruling issued on Thursday strikes at the heart of a dramatic, decade-long family feud over…
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Click here to read the full story: Gulf Times