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MBS Trying to Eliminate Political Rivals – Report
By Staff, Agencies
The Public Investment Fund of Saudi Arabia filed a lawsuit in Boston against the kingdom’s former top intelligence official accusing him of embezzling public funds, according to a report.
The Kingdom accuses Saad Al-Jabri of buying luxury condominiums in Boston with a portion of the money he embezzled.
The lawsuit demands that Jabri return the $29 million with which he bought the Boston condos, the Boston Globe reported.
On his part, Jabri "says the condos were a legitimate investment and that Saudi Arabia's current Crown Prince Mohammed Bin Salman is simply trying to eliminate a political rival under the guise of an anti-corruption purge," the Boston Globe reported.
The condos are located in a luxury building near the Ritz-Carlton Hotel in Downtown Crossing, and they are currently being rented out.
Since Saudi's de facto ruler Mohamed Bin Salman [often referred to in the media as MBS] replaced Muhammad Bin Nayef as crown prince in 2017, rivalry with his opponents among Saudi royals has played out intensely in local and international arenas.
Al-Jabri was an adviser to and close associate of the ousted crown prince Bin Nayef.
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