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High court awards US$150 million to Singularis liquidators from Japanese-owned stockbroker

By Kyriaki Karadelis

24 February 2017

An English court has allowed the Cayman liquidators of Singularis, a company belonging to Saudi billionaire Maan Al Sanea, to claw back US$150 million from a Japanese-owned stockbroker after it “negligently” handed Singularis funds to other Al Sanea entities at the businessman’s request.

High court awards US$150 million to Singularis liquidators from Japanese-owned stockbroker Riyadh, Saudi Arabia (Credit: iStock.com/swisshippo)