Bin Laden family business insists no financial ties with Osama

September 4, 2007 00:44


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Lawyers for the Saudi Binladin Group, responding to lawsuits filed over the 9/11 attacks, say the large engineering and construction company is not liable for the terrorist plot because it forced Osama bin Laden to surrender his stake in the company 14 years ago. In court papers, the lawyers argued that the Saudi Binladin Group, founded in 1989, forced the terrorist mastermind out as a shareholder of the company and another family-owned company, the Mohammad Binladin Co., in June 1993. The document was filed Friday evening in a US District Court in Manhattan in response to claims in lawsuits brought by representatives, survivors and insurance carriers of the victims of the Sept. 11, 2001, attacks in New York, Washington and Pennsylvania. Lawyers for the plaintiffs claimed that the Saudi Binladin Group, along with numerous banks, charities and individuals worldwide, provided material support and assistance to al-Qaida prior to the attacks. The lawsuits seek billions of dollars in damages.

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