Bahrain court: Al Gosaibi documents not forged - The National Newspaper

A Bahraini tribunal has ruled key documents in the Middle East’s most serious corporate scandal of recent years were not forged, as has been alleged.

Lawyers working for Ahmad Hamad Al Gosaibi and Brothers, the Saudi Arabian conglomerate, have alleged that Maan al Sanea, a Saudi billionaire, forged signatures on financial documents to commit a US$10 billion (Dh36.72bn) fraud against the group.

Al Gosaibi claimed the signatures on three financial documents – two credit facility letters and one guarantee agreement – were not signed by Suleiman Hamad al Gosaibi, the late chairman of the family conglomerate, but were forgeries. The documents were all dated June 29 2008.