Saudi investment organization Dallah Al-Baraka Holding has notified four major Western banks of their possible incrimination in the trillion-dollar lawsuit filed by the families of victims of the September 11, 2001 attacks.
In a company statement, Dallah stated that if Al-Baraka Investment and Development (ABID), the group’s banking subsidiary, is not dropped from the lawsuit, the unnamed Western banks will be added to the list of institutions that provided services to the suspected terrorists or aides, reported AFP. The Saudi firm can employ the legal procedure known as Third Party Lawsuit, which gives defendants the authority to name other parties.
ABID and its owner Saleh Kamel are among the 100 Saudi organizations present on the list of figures targeted by the families. The case is focusing on wealthy Saudi individuals, banks, corporations, and Islamic charities implicated in the financing of the terrorist organization Al-Qaeda.
The suit, filed by the Families United to Bankrupt Terrorism, is being carried out under the individual names of the immediate family members of the 9/11 victims. The case will rest on the premise that those who finance the terrorist organizations are liable for the damages done by them.
Dallah Al-Baraka's legal team is confident that the court will drop their clients' names from the lawsuit, said the statement. Headquartered in Jeddah, the Dallah-Al-Baraka Group has an annual business budget of six billion dollars with operations in 43 countries around the world. Its fields of activity include trade operations, industry, real estate, information and finances. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
