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Saudi royal Prince Bandar Bin Sultan's assets frozen

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lovuian Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-29-08 11:20 PM
Original message
Saudi royal Prince Bandar Bin Sultan's assets frozen
 
Run time: 01:50
https://www.youtube.com/watch?v=u1uVh3xz89g
 
Posted on YouTube: March 01, 2008
By YouTube Member:
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Posted on DU: March 01, 2008
By DU Member: lovuian
Views on DU: 972
 
Thanks to this being on General Discussion posted by DUer leveymg
http://www.september11terrorlitigation.com/pdf/Federal_Insurance_Company_First_Amended_Complaint.pdf

Saudi royal Prince Bandar Bin Sultan's assets frozen
Grant Ringshaw

PRINCE Bandar Bin Sultan, the former Saudi Arabian ambassador to America, has been hit by a court order in effect freezing some of his US assets, as part of a class-action lawsuit over bribery allegations at British defence giant BAE Systems.

A Michigan pension scheme � the City of Harper Woods Employees’ Retirement System � has been granted a restraining order, according to documents filed in the US district of Columbia and seen by The Sunday Times.

The order, granted last Tuesday, blocks Bandar from transferring out of the country any money he makes from the sale of property in America.
more...
I had to video document such a big moment
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leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-01-08 04:33 AM
Response to Original message
1. Don't know how to thank you, lovuian
That's a wonderful video. Moving and powerful. I'm deeply grateful you put that together.

Thank you, again!

- Mark
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Baby Snooks Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-01-08 03:41 PM
Response to Original message
2. Can't seize laundered money...
More than likely, and this is indicated by at least one recent rumored real estate transaction in California, his assets are being "laundered" through a maze of corporations and of course you have to prove it's "his" before you can seize it. They don't call him Bandar the Bandit for nothing. And he's learned well from his long friendship with the Bushes - he will continue doing business as usual.

But he was continuing doing business as usual during the eight years Bill Clinton was in office. So you have to be careful about pinning it all on the jackasses.
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