|
||||
|
||||
The worlds richest Iraqi recently pumped US$12m into the new Rose of Kingston theatre in southwest London, where he lives.
A British citizen, and chairman of the Anglo-Arab Organisation, Nadhmi has had more drama in his life than any playwright could do justice to. Owner and manager of construction and trading companies in Iraq, he was jailed by Saddam Husseins regime and left the country in 1980.
By then he had founded General Mediterranean Holdings, based in Luxembourg, which has grown into an international powerhouse with at least US$2.4bn in assets and annual profits nudging US$150m. Although Auchi has built 120 companies he continues to be dogged by controversy in 2003 he was convicted in France of receiving illegal commissions and given a 15-month suspended sentence.
Last year his daughter Luma was among nine drug firm executives to be charged with conspiracy to defraud Britains National Health Service after a four-year Serious Fraud Office investigation.
An alleged price-fixing ring is said to have defrauded the service out of many millions of dollars by inflating the price of some of Britains most commonly prescribed medicines.
A British citizen, and chairman of the Anglo-Arab Organisation, Nadhmi has had more drama in his life than any playwright could do justice to. Owner and manager of construction and trading companies in Iraq, he was jailed by Saddam Husseins regime and left the country in 1980.
By then he had founded General Mediterranean Holdings, based in Luxembourg, which has grown into an international powerhouse with at least US$2.4bn in assets and annual profits nudging US$150m. Although Auchi has built 120 companies he continues to be dogged by controversy in 2003 he was convicted in France of receiving illegal commissions and given a 15-month suspended sentence.
Last year his daughter Luma was among nine drug firm executives to be charged with conspiracy to defraud Britains National Health Service after a four-year Serious Fraud Office investigation.
An alleged price-fixing ring is said to have defrauded the service out of many millions of dollars by inflating the price of some of Britains most commonly prescribed medicines.
- Useful Links:
- Latest Business News
- Middle East Jobs
- In Pictures
- Real Estate News
- Construction & Industry News
- Company Directory
- Banking & Finance News
- Middle East Markets
- Politics & Economics News
- Technology News
- Culture & Society News
- Transportation News
- Retail News
- Blogs
- Reader Comments
- Business Interviews
Visit Our Sister Sites:
- ArabianBusiness.com
- ArabianBusiness.com/Arabic
- ArabianBusiness.com/Markets
- ArabianBusiness.com/Jobs
- ArabianBusiness.com/Property
- Ahlan! Live
- Masala.com
- ITP.net
- TimeOutDubai.com
- TimeOutAbuDhabi.com
- TimeOutBahrain.com
- TimeOutTickets.com
- Ahlan.ae
- Grazia.ae
- VivaMagazine.ae
- ITP.com
- ConstructionWeekDirectory



I agree with what mustapha from london said, there are at least 5 multibillionairs in morocco not to mention the rising...



