Billionaire Saudi prince loses UK court battle over Gaddafi jet

The High Court ruling is an embarrassment for Prince Alwaleed bin Talal, a nephew of Saudi Arabia’s King Abdullah, who gave evidence in person for two days at the trial earlier this month.

The prince was being sued by Daad Sharab, a Jordanian businesswoman who said she was not paid any commission for brokering the sale of the jet to Gaddafi, which was completed in 2006 for $120 million.

The prince’s defense was that there was no agreement to pay a $10-million commission but rather that Sharab would be paid “at his discretion”. He told the court he paid her nothing because during the protracted sale she had “moved to the Libyan camp”.

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