Saudi firms sue former spymaster now in Canada, allege USD3.47 billion fraud

OTTAWA (AFP) – 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 on 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 SaadAljabri committed a “massive fraud” totalling at least USD3.47 billion.

Aljabri, exiled in Canada, was a top aide to Prince Mohammed bin Nayef. A campaign advocating for Aljabri said in a statement he and his family will “fight the recycled corruption allegations vigorously and are confident they will succeed in dismissing them”.

Prince Mohammed bin Nayef remains in detention in Riyadh.

File photo shows Prince Mohammed bin Salman (L) and Prince Mohammed bin Nayef. PHOTO: AFP