Credit Suisse sues Saudi prince over $ 78 million in luxury loans

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By Joanne Faulkner (January 5, 2022, 12:10 GMT) – Credit Suisse Group is suing a Saudi prince in the High Court in London, claiming he has failed to repay more than $ 78 million in interest and loans that were used to refinance a super-yacht and a property in England.

Prince Fahad Bin Sultan is the guarantor of two companies that defaulted on a pair of loans granted by the Swiss bank to refinance an 82-meter boat and an estate in Surrey, south-east England, according to a detail of the complaint which has now been made public. .

Credit Suisse claims in its lawsuit that UK-based Burgundy Sea Ltd. …

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