Bin Laden company denies ties to Osama

Bin Laden company denies ties to Osama

The Saudi Binladin Group is not accountable for the Sept. 11 attacks, lawyers for the international engineering company claim, since it made Osama bin Laden surrender his stake in the business 14 years earlier.

Reacting in federal court to suits over the attacks, the attorneys composed that in 1993, the terrorist mastermind was dislodged as an investor in 2 business his household owns.

The business submitted the defense documents late Friday in U.S. District Court in response to claims brought by agents, survivors and insurance coverage providers of the victims. The complainants, who look for billions of dollars in damages, declare the Saudi Binladin Group, in addition to various banks, charities and people worldwide, offered product assistance and help to al-Qaida prior to the attacks.

The complainants compete Bakr bin Laden– Osama bin Laden’s bro, the senior member of the bin Laden household and chairman of Saudi Binladin Group– was among al-Qaida’s primary investors.

A judge in July had actually bought Saudi Binladin Group to offer extra info about where the cash for Osama bin Laden’s 2 percent stake in the business went.

In the Friday filing, attorneys for Saudi Binladin Group stated Bakr Binladin openly renounced Osama bin Laden in a declaration launched to the media in February 1994. 2 months later on, the Saudi federal government withdrawed Osama bin Laden’s citizenship and froze his properties, the attorneys kept in mind.

These actions, they stated, happened well before the United States initially put Osama bin Laden on its list of designated terrorist people and companies on Aug. 20, 1998.

Osama bin Laden has more than 50 brother or sisters who share in the fortune generated after Osama’s dad, Mohammed bin Laden, developed his building empire, raising his household to amongst the most affluent in Saudi Arabia. The al-Qaida creator’s monetary worth has actually stayed in conflict.

The Sept. 11 commission concluded that the Sudanese federal government took Osama bin Laden’s possessions when he left the Sudan in 1996.

“He left Sudan with virtually absolutely nothing,” the commission concluded. “When bin Laden showed up in Afghanistan, he depended on the Taliban up until he had the ability to revitalize his fundraising efforts by making use of ties to rich Saudi people that he had actually developed throughout the Afghan war in the 1980s.”

Attorneys for the bin Laden household business have actually stated Osama bin Laden never ever got any buyout payment. They stated the business talked to Saudi authorities, who directed that the cash be positioned in trust outside Osama bin Laden’s control.

A message left Monday with an attorney for the complainants was not right away returned.

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