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AHAB appeals in Saad dispute

By Benjamin Clarke

15 June 2018

The Saudi conglomerate at the centre of “one of the largest Ponzi schemes in history” is appealing a Cayman Islands ruling that dismissed US$4 billion worth of fraud claims , accusing the Grand Court of reaching conclusions that “were not supported by evidence”.

AHAB appeals in Saad dispute Riyadh, Saudi Arabia (Credit: iStock.com/HansMusa)