Wednesday 23 September 2009

Swiss police demand Saad documents

Saad Financial Services SA said on Tuesday police had requested documents of transactions between the company and Saudi conglomerate Ahmad Hamad Al-Gosaibi and Brothers Co. but it believed there were no such documents.

A spokeswoman for Geneva-based Saad Financial said police had visited company offices with a request for delivery of the documents but had not conducted a search of the premises.

"Police came to our offices two weeks ago on Monday and showed us an order for the delivery of documents concerning Saad Financial and Al-Gosaibi, if these exist. We don't believe we have any documents responsive to this order and have informed the fiscal police accordingly," the spokeswoman said.

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