AHAB loses “complex and arduous” Cayman fraud appeal
Credit: iStock.com/JodiJacobson
Saudi conglomerate Ahmad Hamad Algosaibi & Brothers has lost its appeal against a Cayman Islands court ruling that found it conspired with its former head of investment to “perpetrate one of the largest Ponzi schemes in history” – bringing an end to over 12 years of litigation.
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