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Yasir Al-Rumayyan – the governor of Saudi Arabia’s Public Funding Fund and the chairman of LIV Golf – might be going through a $74 million lawsuit, in response to a report in The Athletic.
Authorized papers that have been despatched to Al-Rumayyan at numerous PIF addresses in Saudi Arabia, New York and London (in addition to the stadium of PIF-owned Newcastle United in England) allege the 53-year-old “carried out the directions” of present Saudi Arabian Crown Prince Mohammed bin Salman with “the malicious intent” of “harming, silencing and finally destroying” the household of the Kingdom’s former intelligence chief, Dr. Saad Aljabri. The Aljabri household is searching for $74 million in damages.
Aljabri was a prime aide to former Saudi Prince Mohammed bin Nayef, who was faraway from his publish in 2017 and has been in detention since 2020. On the time, Reuters reported bin Nayef had been pressured to step apart “in an efficient palace coup,” however a Saudi official stated the declare was “unfounded and unfaithful along with being nonsense.”
From The Athletic:
The declare Aljabri hopes to carry towards Al-Rumayyan will, if the Canadian courtroom grants permission, allege that defendants together with Al-Rumayyan have been “straight concerned” in a three-and-a-half-year marketing campaign between June 2017 and January 2021 to pursue the household of Saad Aljabri, who’s a former prime aide to Prince Mohammed bin Nayef.
Why a Canadian courtroom? Aljabri fled Saudi Arabia for Turkey in 2017 after which made his approach to Canada. Three years in the past, Saudi state-owned corporations claimed in a Canadian lawsuit that Aljabri had embezzled tons of of tens of millions of {dollars} of state funds, an accusation that Aljabri has denied.
The paperwork despatched to Al-Rumayyan this month ask the Canadian courtroom for permission for Al-Rumayyan and others to not solely be added to an current courtroom case, however for a brand new declare to be introduced towards them as effectively. The PIF and board member Mohammed Al Al-Sheik have additionally been listed as meant co-defendants within the authorized papers.
The potential lawsuit comes at a foul time for each LIV Golf and the PGA Tour. The Saudi-backed circuit is lower than a month from internet hosting its first occasion of 2024 in Mexico and the Tour is at present engaged in conversations with the PIF and outdoors buyers to kind a for-profit entity, PGA Tour Enterprises. The PIF is ruled by Al-Rumayyan and bin Salman is its chairman. Al-Rumayyan was additionally initially tabbed to be the chairman of the brand new entity’s board if an settlement is reached.
For extra on the historical past of rigidity between Crown Prince Bin Salman and Aljabri and the Kingdom’s involvement in its sovereign wealth fund, learn the complete report right here.
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