Turki Al-Faisal: Ties With US Faced Great Challenges, Will Survive

Prince Turki Al Faisal attends a close session meeting at the IISS Regional Security Summit - The Manama Dialogue in Manama, December 8, 2013. (REUTERS/Hamad I Mohammed)
Prince Turki Al Faisal attends a close session meeting at the IISS Regional Security Summit - The Manama Dialogue in Manama, December 8, 2013. (REUTERS/Hamad I Mohammed)
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Turki Al-Faisal: Ties With US Faced Great Challenges, Will Survive

Prince Turki Al Faisal attends a close session meeting at the IISS Regional Security Summit - The Manama Dialogue in Manama, December 8, 2013. (REUTERS/Hamad I Mohammed)
Prince Turki Al Faisal attends a close session meeting at the IISS Regional Security Summit - The Manama Dialogue in Manama, December 8, 2013. (REUTERS/Hamad I Mohammed)

Prince Turki al-Faisal bin Abdulaziz said that the Saudi-US relations have faced many challenges and crises in the past 70 years, but they have survived and continued. He stressed that those relations would not be affected by the repercussions of the case of Saudi journalist Jamal Khashoggi.

Speaking at the Annual Arab-US Policymakers Conference at the National Council on US-Arab Relations on Wednesday, the former Saudi ambassador to the United States and Britain said that Saudi Arabia and the US have worked together, over the past years, on many issues and concerns that served the two countries; adding that bilateral ties would not have survived without the determination of the leaders of the two countries: 6 Saudi kings, and 13 US presidents.

He added that the 1973 oil crisis and the events of September 11, 2001, have changed the priorities that the two countries focused on in their relationship.

The case of Khashoggi is "tragic and unjustified." Prince Turki reiterated that the Kingdom was committed to bringing to justice those responsible for Khashoggi’s death “and whoever else failed to uphold the law.”

A former head of Saudi intelligence, he said: “From this platform, I have stressed several times that Saudi Arabia’s relationship with America is too great to fall and will survive this current crisis.”

He underlined that Saudi Arabia and the US have worked for decades to achieve peace, fight terrorism, and tackle extremism locally and globally. He noted that throughout the past years, Saudi Arabia has paid a heavy price for its image and reputation, in order to maintain a harmonious relationship with the US in line with its policies.

The Saudi prince pointed to his country’s humanitarian assistance, which amounts to 4 percent of its revenues and funds, to develop and help poor countries, highlighting the Kingdom’s recent decision to exempt some poor countries from debts worth $6 billion.

He emphasized that Saudi Arabia’s war against “darkness, extremism and terrorism continues, as it stands against the Iranian ambitions of hegemony and is working with America in this matter.”

The National Council for US-Arab Relations holds an annual conference on the most prominent issues facing the Arab world, and how the US could participate in them, from the perspective of Arab and US leaders, politicians and researcher. Prince Turki Al-Faisal has been one of the most prominent figures of the conference for many years.



Kuwait Court Concludes Major ‘Malaysian Fund’ Money Laundering Case

Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)
Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)
TT

Kuwait Court Concludes Major ‘Malaysian Fund’ Money Laundering Case

Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)
Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)

Kuwait’s Court of Cassation on Thursday concluded the country's largest money laundering case, known as the “Malaysian Fund” scandal.

The court, led by Judge Saleh Al-Muraishid, sentenced Sheikh Sabah Jaber Al-Mubarak, son of the former Prime Minister, and his associates Hamad Al-Wazzan, Bashar Kiwan, and two expatriates to 10 years in prison.

A lawyer involved in the case received a seven-year sentence.

The court also ordered the defendants to return $1 billion and collectively fined them 145 million Kuwaiti dinars (about $500 million).

The “Malaysian Fund” case involves fake transactions and forged contracts between companies in Kuwait and China. Investigators from Malaysia and the US estimate that around $4.5 billion was embezzled from the fund since 2009, implicating the former Malaysian prime minister.

Kuwait’s Public Prosecution reopened the case after a two-year pause due to lack of information.

On March 28, 2023, the Criminal Court sentenced a member of the ruling family, his associates, and two expatriates to 10 years in prison, with a lawyer receiving seven years.

They were ordered to return $1 billion and fined 145 million Kuwaiti dinars.

The original case in Malaysia dates back to 2016 when US prosecutors filed a lawsuit to recover over $1 billion allegedly tied to a conspiracy to launder money from the Malaysian sovereign wealth fund 1MDB, overseen by former Malaysian premier Najib Razak.

The funds were used to finance a Hollywood film, buy real estate, and acquire famous artworks.

In May 2020, the scandal surfaced in Kuwait after US defense officials provided information to the late Kuwaiti Defense Minister, Sheikh Nasser Sabah Al-Ahmad, revealing the involvement of several former officials in suspicious financial transactions for Chinese and Malaysian companies.

Investigations in Kuwait showed nearly $1 billion had been transferred into the account of an influential Kuwaiti figure before being rerouted abroad.

The inquiry linked a Malaysian financial expert accused in the case to the son of a former Kuwaiti Prime Minister, and they collaborated to channel the funds through intermediary companies.

On July 10, 2020, Kuwait’s Public Prosecution ordered the arrest of Sheikh Sabah Jaber Al-Mubarak and his associate in connection with the “Malaysian Fund” case.