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Article: Khalid bin Mahfouz; Saudi banker denied terrorism ties
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- August 29, 2009
- Author:
CopyrightCopyright 2009 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK - 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
him of supporting terrorism, died Aug. 23 at his home in Jidda. He
was 60.
The cause was a heart attack, according to reports in the Arab
news media.
In many ways, Sheik Mahfouz typified Saudi Arabia's super-
wealthy. He maintained opulent homes around the world and traveled
in his own Boeing 767 with gold-plated bathroom fixtures. Last year,
the magazine Arabian Business ranked him 24th in its list of the 50
richest Arabs, with a fortune estimated at $3.35 billion.
He rose to prominence through ...