A Saudi state-run company has requested a court in Massachusetts freeze $29m in luxury Boston real estate assets that it says were fraudulently obtained by Riyadh’s former spy chief, Saad al-Jabri.
Sakab Saudi Holding Company alleged in a complaint filed last week that “billions of dollars of assets have been misappropriated” from the company and its affiliates under Jabri, who the company claims used “stolen and fraudulently transferred funds to acquire real property” in Massachusetts.
In addition to requesting the court freeze a number of properties it says are held by Jabri and his family, the complaint requests a trial by jury.
The complaint was first reported by Law360, a legal news service.
The filing comes after a Canadian court in January ordered a freeze on Jabri’s assets after ten Saudi companies filed a lawsuit against the former intelligence official.