Order Targeting Prince’s Properties Is Upheld
From Times Wire Reports
Brunei said an appeals court upheld an order requiring exiled Prince Jefri Bolkiah to hand over mansions and hotels.
The tiny, oil-rich sultanate has been demanding the return of billions of dollars that the prince is accused of squandering as head of the Brunei Investment Agency.
Jefri, younger brother of the sultan, was required to transfer to the agency assets that included prime property such as the New York Palace Hotel and the Hotel Bel-Air, the agency said.
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