Saudi firms sue former spymaster now in Canada, allege $3 bn fraud

Saudi state-owned companies have sued the country’s former intelligence czar in a Canadian court, alleging he stole billions of dollars, according to documents obtained Friday by AFP. The 10 subsidiaries of Tahakom Investment Co – which is owned by Saudi Arabia’s sovereign wealth fund – said in the civil suit filed in Ontario Superior Court that Saad Aljabri committed a “massive fraud” totaling at least US$3.47 billion. Aljabri, exiled in Canada, was a top aide to Prince Mohammed bin Nayef, who was deposed as heir to the throne by Prince Mohammed bin Salman in a 2017 palace coup. A campaign ad…

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