Written by queen mudder
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Topics: Dubai, prince jefri

Friday, 27 November 2009

image for Brunei's Prince Jefri Archer 'owes Dubai shaikhs $10 million'
Legging it to yet another offshore tax haven: Prince Jefri is on the run

Dubai - (Repo Man Cometh): Fugitive from UK justice Prince Jefri Archer is being pursued by Dubai bailiffs for the return of $10 billion owed to the McTomb-Raider clan of shaikhs.

Jefri, 69, borrowed the money to replace a gaping black hole in Brunei finances after getting his greasy fingers caught in the nation's till.

His $20 billion rampage through the Brunei Investment Authority's coffers ground to a halt in 2006 and led to the collapse of top business partner Bernard Madoff.

Affidavits submitted to the International Court of Arbitration this week say Jefri was 'misled' into taking out the Dubai loan.

Personal guarantees from fallen Off-the-Wall Street giant Lemon Brothers state Dubai ruler Shaikh Mohammed 'signed in blood' as Jefri's loan guarantor following personal recommendations from George W Bush.

The 1983 Brinks-Matt bullion heist masterminds have never been caught.

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