26.08.2009 - Algosaibi sues Mashreq for role in 'massive fraud'
From Gulfnews.com: Ahmad Hamad Algosaibi & Bros, the Saudi conglomerate that accused Saad Group chairman Ma'an Al Sanea of a $10 billion (Dh36.73 billon) fraud, said Mashreq Bank PJSC helped Al Sanea. Algosaibi sued in the New York State Supreme Court on May 22 alleging that Al Sanea "organised a massive fraud" through transactions he brokered at the Money Exchange, a financial arm of the Algosaibi group.............Full Article: Source
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