By Rachel Ehrenfeld & Millard Burr
Saudi billionaire Khalid bin Mahfouz died in Jeddah last Saturday. The 60-year-old former owner of the Saudi National Commercial Bank and banker for the Royal family also owned a charity, the Muwafaq (blessed relief) Foundation that funded al-Qaeda and Hamas, to name but a few. He should be remembered not only because of his involvement with the shady Bank for Commerce and Credit International (BCCI) aka “banks for crooks and criminals” and the illegal purchase of the First American Bank in Washington, DC, in the early 1990s, but mostly because inadvertently he led Americans to better protect their free speech rights.
Using British libel laws that allow foreigners to sue other foreigners in British courts, a practice known as libel tourism, Mahfouz became a serial suer. The gay and drug addicted Saudi , sometimes together with his sons, sued more than 40 writers and publishers - mostly Americans - because he did not like their criticism. Singlehandedly, on behalf of his royal masters Mahfouz made libel tourism a multimillion-dollar industry for the British Bar, and London the “Libel Capital” of the world.
Many will miss him. In Riyadh, the billionaire will be missed by the ruling members of the royal family who once used his National Commercial Bank as their own piggy bank, and often used him and his family members as fronts for their business and to fund their favorite organizations and terrorist groups. Likewise, those shady characters who run the Saudi-funded Muslim World League, the International Islamic Relief Agency, and the Rabita Trust of Pakistan will miss him. Read more ...
Saudi billionaire Khalid bin Mahfouz died in Jeddah last Saturday. The 60-year-old former owner of the Saudi National Commercial Bank and banker for the Royal family also owned a charity, the Muwafaq (blessed relief) Foundation that funded al-Qaeda and Hamas, to name but a few. He should be remembered not only because of his involvement with the shady Bank for Commerce and Credit International (BCCI) aka “banks for crooks and criminals” and the illegal purchase of the First American Bank in Washington, DC, in the early 1990s, but mostly because inadvertently he led Americans to better protect their free speech rights.
Using British libel laws that allow foreigners to sue other foreigners in British courts, a practice known as libel tourism, Mahfouz became a serial suer. The gay and drug addicted Saudi , sometimes together with his sons, sued more than 40 writers and publishers - mostly Americans - because he did not like their criticism. Singlehandedly, on behalf of his royal masters Mahfouz made libel tourism a multimillion-dollar industry for the British Bar, and London the “Libel Capital” of the world.
Many will miss him. In Riyadh, the billionaire will be missed by the ruling members of the royal family who once used his National Commercial Bank as their own piggy bank, and often used him and his family members as fronts for their business and to fund their favorite organizations and terrorist groups. Likewise, those shady characters who run the Saudi-funded Muslim World League, the International Islamic Relief Agency, and the Rabita Trust of Pakistan will miss him. Read more ...
Source: FPM
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