Fraud & Ethics
Investment Banking
Legal
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Saudi Sheikh launches $10bn lawsuit against Barclays over banking licence fraud
A wealthy Saudi businessman is seeking $10billion (£6.2billion) in damages from Barclays after claiming the bank ‘hatched a fraudulent’ scheme to secure a banking licence in the region which caused huge losses for his hotel and property empire, writes James Salmon. MBI International and Jadawel International, the property groups owned…
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