Prince loses 14.8 Billion Dollars of Govenment Money

I am not going to add much commentary to this post, because the article from The Wall Street Journal is well written. I am just going to put an exert from the article.

Prince Jefri Bolkiah of Brunei once was one of the wealthiest men in the world. Now he’s worried he may soon be homeless and forced into bankruptcy. Prince Jefri — whose full name is Duli Yang Teramat Mulia Paduka Seri Pengiran Digadong Sahibul Mal Pengiran Muda Haji Jefri Bolkiah.  ( I just wanted to include his name in this article because it amazes me that he can keep it straight…… )

The 53-year-old younger brother of the Sultan of Brunei, Prince Jefri is on the losing end of one of the world’s most colorful family feuds. It started a decade ago, when the prince was stripped of his government roles and later accused by Brunei authorities of misappropriating $14.8 billion of the royal treasury’s money.

Read the full article from The Wallstreet Journal and I highly recommend reading it.

Post a Comment or Leave a Trackback

Post a Comment

Your email is never published nor shared.



Close
E-mail It