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Court rules Saudi firm complicit in ponzi scheme ‘worse than Madoff’
A court in the Cayman Islands has ruled that Saudi conglomerate Ahmad Hamad Algosaibi & Brothers (AHAB) can’t collect damages from a former manager for a multi-billion-dollar fraud because it was complicit in the scheme, according to reports. The court issued a 1,348-page ruling on Thursday in response to claims…
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Click here to read the full story: Gulf Business