The trial has begun in the London High Court of a woman accused of a $20m property fraud by claiming to be a Saudi princess and the daughter of one of the kingdom’s richest men, it was reported. Sara Al Amoudi, who arrived at the London High Court in a chauffeur-driven Rolls-Royce with an ‘HRH’ number plate and accompanied by three bodyguards, claims to be the daughter of Sheikh Mohammed Hussein Al Amoudi, a Saudi businessman who was ranked the 63rd richest man in the world by Forbes in 2011 and is estimated to have a wealth of around $12.3bn. She is accused by London property developers Amanda Clutterbuck and Ian Paton of being a fraud after they transferred six luxury London apartments worth £14m ($20.8m) into her name as part of a larger property deal which they believed would be funded by the Al Amoudi family. Funds for the larger deal failed to materialise and Clutterbuck and Paton claimed the 30 year old woman refused to return ownership of the six apartments, which are based in upmarket London areas such as Knightsbridge and Belgravia, the court was told.
Posted on: Sun, 14 Jul 2013 09:48:40 +0000
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