Saturday 18 December 2010

Exclusive: Bahrain releases UK bankers in Saad/AHAB case | Reuters

Bahrain has released four Britons held in the country for 18 months after the banks they worked for collapsed, in a meltdown that has caused a multi-billion dollar row between two Saudi families.

The four -- who worked at banks related to the empires of businessman Maan Al-Sanea and the Algosaibi family he is now in conflict with -- all returned from Bahrain this week, sources close to the matter told Reuters.

The men had been ordered not to leave the small island nation off the coast of Saudi Arabia, pending investigations after Awal Bank and The International Banking Corporation (TIBC) were put into administration in the middle of 2009.

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