Friday 28 October 2016
fraud charges

Alstom UK head faces fraud charges

Britain's Serious Fraud Office (SFO) charged the UK president of French engineering company Alstom with offences of corruption and conspiracy to corrupt in connection with some train contracts with the Budapest Metro. The alle


Saudi group files $10bn suit against Saad chief

Saudi Arabia's indebted family conglomerate Algosaibi has filed a lawsuit in New York alleging $10 billion in loan irregularities involving billionaire Maan al-Sanea, the head of the Saad Group, the Financial Times reported on Friday.

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