Wednesday 31 July 2013

Billionaire Saudi prince loses U.K. court battle over Gadhafi jet | News , Middle East | THE DAILY STAR

Billionaire Saudi prince loses U.K. court battle over Gadhafi jet | News , Middle East | THE DAILY STAR:

"A billionaire Saudi prince lost a London court battle on Wednesday when a judge ordered that he should pay a $10-million commission linked to the sale of a luxurious private jet to former Libyan leader Muammar Gadhafi.

The High Court ruling is an embarrassment for Prince Alwaleed bin Talal, a nephew of Saudi Arabia's King Abdullah, who gave evidence in person for two days at the trial earlier this month.

The prince was being sued by Daad Sharab, a Jordanian businesswoman who said she was not paid any commission for brokering the sale of the jet to Gadhafi, which was completed in 2006 for $120 million."

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