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Aug 28, 2009 · Khalid bin Mahfouz, a billionaire Saudi banker who paid $225 million to settle charges of bank fraud in 1993 and later won a string of lawsuits in Britain against writers who had accused...
Aug 13, 1996 · Saudi financier Sheik Khalid bin Mahfouz, who paid $225 million to escape fraud charges in 1991 collapse of Bank of Credit and Commerce International, has quietly reassumed control of his...
Indicted on charges of fraud by a New York state grand jury, bin Mahfouz denied culpability. After he agreed to pay $225 million for breaching banking regulations - the sum included $37 million in lieu of fines - the charges were dropped in 1993.
www.binmahfouz.info. Khalid bin Mahfouz (Arabic: خالد بن محفوظ; December 26, 1949 – August 16, 2009 [1]) was a Saudi Arabian billionaire, banker, businessman, investor and former chairman of the National Commercial Bank (NCB). Khalid is the son of Salem Bin Mahfouz, a Saudi entrepreneur who rose from being a small-time moneychanger ...
Mar 18, 2002 · The charges were dropped in 1993, but only after Khalid agreed to pay $225 million, including $37 million in lieu of fines. Khalid together with NCB was also involved in a separate $253...
Aug 30, 2009 · The Mahfouz family fortune, estimated by Forbes at $1.7 billion in 1992 and a scant $300 million more at the time of Khalid's death, followed a common entrepreneurial pattern of...
Sep 1, 2009 · His involvement ended with the payment in 1993 of US$225 million (Dh826.4m) to settle fraud charges brought in New York, though Khalid's lawyers insisted this was not admission of wrongdoing. His settlement was "purely a business decision".
