Saudi Business Machines

Jeddah-based Saudi Business Machines (SBM) in mid-October filed a case against Illinois-incorporated V3 Data Matrix alleging breach of contract, conversion and unjust enrichment based on V3 Data’s “deceitful scheme of submitting false invoices for payment of goods which it never delivered to SBM”. SBM claims that V3 Data worked with a former SBM employee (the father of V3 Data’s president) to steal some $1.3m from the company. The case was launched on 15 October in the US District Court for the Northern District of Illinois. SBM, represented by Dentons law firm, is a leading IT service company in Saudi Arabia, where it is the representative for IBM.