Qatari tycoon brothers and Doha Bank sued for funding Syrian militants

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Moutaz (left) and Ramez Al-Khayyat are accused of using their accounts at Doha Bank to fund the Al-Qaeda-affiliated group. (Supplied)
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Doha Bank’s largest shareholder is Qatar Investment Authority. (Shutterstock)
Updated 08 August 2019

Qatari tycoon brothers and Doha Bank sued for funding Syrian militants

  • The Times report says a group of Syrians have filed the claim at a London court against the bank and two brothers involved in transfers
  • The claim says the brothers used accounts at Doha Bank to send funds to the Al-Qaeda linked Al-Nusra Front

LONDON: Two billionaire Qatari brothers and a Doha-based bank are being sued in a British court for channeling cash to Al-Nusra Front militants in Syria.

Moutaz and Ramez Al-Khayyat are accused of using their accounts at Doha Bank to fund the Al-Qaeda-affiliated group. They are being sued at the High Court in London by eight Syrians who say they lost homes and businesses, and suffered physical and mental harm, because of Al-Nusra’s activities.

The Syrian claimants live in Europe, and have been granted anonymity by the court.

“The Khayyat brothers financed and/or assisted in financing Al-Nusra Front, including through accounts held by them and/or entities associated with them at Doha Bank,” the lawsuit alleges.

The claimants say funds were sent through the bank to accounts in Turkey and Lebanon, where cash was withdrawn and taken across the Syrian border to the militants. “As a result of the defendants’ actions, Al-Nusra Front was able to cause loss and damage to the claimants,” the lawsuit says.

The claimants say Doha Bank and the two businessmen “knew (or ought to have known) that the funds that passed from them or through their accounts were intended for Al-Nusra Front,” and that they had therefore “breached international and national laws.”

A spokesman for Doha Bank said they were taking legal advice but believed the claim to be “groundless and without merit.”

The Khayyat brothers run Power International Holding, one of Qatar’s largest conglomerates, with interests in construction, property and dairy farming. One of their property developments is next to the Iranian Embassy in London.

Doha Bank’s largest shareholder is the Qatar Investment Authority, the state’s sovereign wealth fund, and its chairman is Sheikh Fahad bin Mohammad bin Jabor Al-Thani, a member of the ruling family.

The Anti-Terror Quartet of Saudi Arabia, the UAE, Egypt and Bahrain imposed a trade, travel and diplomatic boycott on Qatar in June 2017 because of Doha’s support for extremist groups and funding of terrorism.


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KHARTOUM: Sudan's ousted president Omar al-Bashir on Monday arrived amid heavy security at the courthouse in the capital Khartoum where he is facing corruption charges, a Reuters witness said.
Bashir was charged with illicit possession of foreign currency and accepting gifts in an unofficial manner, prosecutor Alaa al-Din Abdallah said in June.
His trial will be a test of how serious the country's authorities are about trying to erase the legacy of his autocratic 30-year rule, marked by widespread violence, economic collapse and the secession of South Sudan.
Bashir was also charged in May with incitement and involvement in the killing of protesters, and prosecutors also want him questioned over suspected money laundering and terrorism financing.
On Saturday, Sudan's ruling military council, which took over after Bashir's ouster, signed a power-sharing agreement with the main opposition coalition, paving the way for a transitional government and eventual elections.
Stability in Sudan, which has been grappling with an economic crisis, is seen as crucial for a volatile region struggling with conflict and insurgencies from the Horn of Africa to Egypt and Libya.