QUEEN'S BENCH DIVISION
COMMERCIAL COURT
B e f o r e :
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SHEIKH ABDULRAHMAN KHALID BIN MAHFOUZ | ||
SHEIKH SULTAN BIN MAHFOUZ | ||
EMAN BIN MAHFOUZ | ||
NAELA BINT ABDULAZIZ MOHAMMED KAKI | ||
THE ARAB ASIAN INTERNATIONAL HOLDING COMPANY (CLOSED) | Claimants | |
- and - | ||
MUHANED FARID MAHMOUD EL RASHID | ||
THE NOBLE HOLDINGS GROUP CORP (BVI) | Defendants |
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THE DEFENDANTS did not appear and were not represented.
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Crown Copyright ©
MR. JUSTICE LEGGATT:
17 September 2015, a document was enclosed which purported to be a letter dated 10 April 2012 from the defendant to the first claimant recording the terms of the alleged agreement which I have just described.
"He asked to see the file containing this information. He initially offered to pay me £300 million for the entire file. I told him I could not release it and would not accept the money for any reason. However, he was insistent about seeing the file. After he reached out to me and I gave him my word of honour, I showed him one file for a minute or so. He flipped through the papers, found something about a safe deposit in Bank Austria, Vienna, near the Hotel Sacher. He told me that he had found something on this after his father died. He said there was at least £300 million worth of property in it, including precious stones, and it was just part of his father's emergency reserve."