Woman claiming to be Saudi princess in $20m fraud case

  • Share via facebook
  • Tweet this
  • Bookmark and Share

The trial has begun in the London High Court of a woman accused of a $20m property fraud by claiming to be a Saudi princess and the daughter of one of the kingdom’s richest men, it was reported.

Sara Al Amoudi, who arrived at the London High Court in a chauffeur-driven Rolls-Royce with an ‘HRH’ number plate and accompanied by three bodyguards, claims to be the daughter of Sheikh Mohammed Hussein Al Amoudi, a Saudi businessman who was ranked the 63rd richest man in the world by Forbes in 2011 and is estimated to have a wealth of around $12.3bn.

She is accused by London property developers Amanda Clutterbuck and Ian Paton of being a fraud after they transferred six luxury London apartments worth £14m ($20.8m) into her name as part of a larger property deal which they believed would be funded by the Al Amoudi family.

Funds for the larger deal failed to materialise and Clutterbuck and Paton claimed the 30 year old woman refused to return ownership of the six apartments, which are based in upmarket London areas such as Knightsbridge and Belgravia, the court was told.

“By deploying her fraudulent misrepresentations, she persuaded them to transfer the properties to her at nominal cost. The only money she paid for the properties was in fact the costs of redeeming existing mortgages and charges on them which she largely funded with the monies she had already fraudulently obtained from HSBC Bank by representing herself to be someone she was not - the daughter of Sheikh Mohammed Hussein al Amoudi,” Stuart Cakebread, the legal representative for Clutterbuck and Paton, was quoted as saying in court by the Daily Telegraph.

"The promised funding from Miss Al Amoudi never materialised. She now refuses to transfer the titles to the properties back to Miss Clutterbuck and Mr Paton. Their case is that she is a fraud who lied to them (and) to banks in order to obtain loans, money (and) property. The identity of Ms Al Amoudi is a key issue in this action,” he added.

Lawyers representing Sheikh Al Amoudi told the Daily Telegraph newspaper: “This woman is not our client's daughter."

Representatives from Ms Al Amoudi claimed she was receiving a weekly allowance of £100,000, which was delivered to London from Saudi Arabia each week in a suitcase and Paton was hired to manage these funds.

She denied she planned to enter into a joint venture with the couple and said the six properties were bought with the funds being managed by Paton.

Jonathan Seitler, Al Amoudi’s barrister, told the Daily Mail newspaper his client had been having a secret affair with Paton behind Clutterbuck’s back and this was part of the reason for the deterioration in the group’s relationship. “That’s absolutely false, that’s absolute nonsense,” Paton told the paper of the claim.

Dubbed ‘The Vamp in the Veil’ by the British media, Ms Al Amoudi claims to have dated footballer Freddie Ljungberg and actors Colin Farrell and Joaquin Phoenix and previously appeared in court in 2010 when her ex-boyfriend, Swedish model Patrick Ribbsaeter, was cleared of assaulting her chauffeur.

The case continues and Al Amoudi is set to give evidence this week.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Smoke-free Dubai - the big debate

Smoke-free Dubai - the big debate

Will the emirate ever be smoke free? We spark up the conversation...

Mentoring matters: Mowgli Q&A

Mentoring matters: Mowgli Q&A

Kathleen Bury, CEO of mentoring foundation Mowgli, on why mentoring...

Guide to getting married in Dubai on a budget

Guide to getting married in Dubai on a budget

Alarmed by how expensive weddings are? Our experts reveal how...

2
Most Discussed
  • 16
    Baby NOT on board?

    The people commenting here were all 20 years old when they were born, never cried, never screamed and never ran etc etc.
    more

    Thursday, 21 August 2014 8:30 AM - Amer
  • 2
    European court backs French ban on full-faced veil

    well said John Harte, it is the total opposition to freedom of expression, it degrades and dehumanizes women into objects that need to be wrapped up and... more

    Friday, 22 August 2014 6:38 PM - Polly Nicoll
  • 1
    Damac says first Akoya Oxygen homes sell out 'in record time'

    You have to be desperate to buy anything from Damac and that in the furthest farthest outposts of Dubai Land. Stay near the main Drag the SZR! more

    Saturday, 23 August 2014 1:29 AM - Special K
  • 23
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 17
    UK looks to close tax loophole on expat landlords

    UK taxes too much and too complicated and time taking and confusing and continuous. Returns, lawyers, HMRC, taxes too much for too little. Not worth the... more

    Sunday, 17 August 2014 12:40 PM - AbdolRahman
  • 16
    Baby NOT on board?

    The people commenting here were all 20 years old when they were born, never cried, never screamed and never ran etc etc.
    more

    Thursday, 21 August 2014 8:30 AM - Amer