Jan 5 2022, Credit Suisse Pursuing Prince Fahad bin Sultan in Court.
Credit Suisse is alleging that Saudi Prince Fahd bin Sultan failed to repay the bank around $78 million in interest and loans.
He took out the loans to refinance his superyacht Sarafsa and a mansion in England.
The Swiss bank stated that two companies owned by Prince Fahd defaulted on two loans. The Prince is the guarantor of the loans.
The prince’s lawyers have yet to file defense papers.