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Bahrain: $1bn criminal conspiracy

The UK-based law firm Addleshaw Goddard is to represent Saudi property developer Dar Al-Arkan and Bahrain’s Bank Alkhair (previously known as Unicorn Investment Bank) in a $1bn conspiracy case against several defendants: the bank’s former chief executive, the US-born Majid Bader Al-Refai, global risk consulting firm Kroll Associates, Bahrain-based chartered accountant Alex Richardson and business consultancy FTI Consulting. The case will reportedly start in London’s Commercial Court in the autumn. Dar Al-Arkan and Bank Alkhair are both chaired by Saudi businessman Yousef Al-Shelash.

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