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9/11 Links Could Cost Saudi Arabia $6 Billion

9/11 Links Could Cost Saudi Arabia $6 Billion
folder_openSaudi Arabia access_time8 years ago
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Local Editor

More than two dozen US insurers sued two Saudi banks, companies affiliated with Osama bin Laden's family, and several charities for at least $6b over the September 11 attacks.

9/11 Links Could Cost Saudi Arabia $6 Billion

The lawsuit filed late on Thursday in the US District Court in Manhattan is the latest effort to hold entities in Saudi Arabia liable for the attacks.

Almost 3000 people died when hijacked airplanes crashed into New York's World Trade Center, the Pentagon near Washington, DC and a Pennsylvania field.

The 10 defendants in the lawsuit include Al Rajhi Bank, National Commercial Bank, aviation contractor Dallah Avco, the Mohamed Binladin Co, the Muslim World League, and other charities.

They were accused in the lawsuit of having "aided and abetted" the attacks through a variety of "activities in support of al Qaeda" in the years leading up to them.

"But for the assistance provided by defendants," the lawsuit said, "al Qaeda could not have successfully planned, coordinated, and carried out the September 11th attacks, which were a foreseeable and intended result of their material support and sponsorship of al Qaeda."

The insurers are seeking to recoup sums paid to policyholders who suffered personal, property and business injuries from the attacks.

Their lawsuit seeks at least $2b of compensatory damages, triple damages and punitive damages.

The defendants could not immediately be reached for comment on Thursday.

Source: News Agencies, Edited by website team

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