A billionaire Saudi royal was today ordered to hand over $10 million (£6.6 million) after giving “completely unreliable” evidence to a High Court judge.
Mr Justice Peter Smith “overwhelmingly concluded” that Prince Al-Waleed bin Talal, the owner of the Savoy Hotel, should pay the money to Daad Sharab, a Jordanian consultant.
The prince had been accused of reneging on the commission owed from a $120 million deal to sell a plane to Colonel Gaddafi in 2001.
The judge said: “It is not necessary for me to determine whether he was telling lies in the witness box. He came close to admitting it.”
The judge added that this led “inexorably and inevitably to support a conclusion that his evidence is completely unreliable”.
The prince said he would appeal.
