DUBAI: A Saudi prince is suing a business partnership over US$5mil (RM21.2mil) in his purchase of a stake in a lush Bahamian island, the latest of the kingdom’s wealthy royals to turn to Delaware’s Chancery Court to resolve a dispute.
Prince Salman Bin Sultan Bin Salman Bin Abdulaziz Al Saud claims that officials of Cave Cay LP, controlled by investment fund Yntegra Group, are violating a side agreement under which he and Yntegra officials are each to pay the US$5mil (RM21.2mil) to the partnership.
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