Cayman court freezes $9.2 billion of Saad assets

- Trinidad, Tobago / Caribbean - Posted: 2nd Aug, 2009 - 8:05am

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Cayman Islands - News from the Cayman Islands
Post Date: 2nd Aug, 2009 - 8:05am / Post ID: #

Cayman court freezes $9.2 billion of Saad assets

Cayman court freezes $9.2 billion of Saad assets
Cayman Islands Cruse, Ship Tours, Fishing Cayman Islands News

LONDON, England (Reuters) -- A Cayman Islands court has frozen $9.2 billion of assets belonging to Saad Group, the Saudi Arabian investment firm at the centre of a financial scandal, including some of its equity stakes outside the Gulf. Shares bought by Saad also include stakes in Petra Diamond.
Source: Caribbean Net News Daily Headlines: Cayman Islands

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