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Abraham M Lurie

CALIFORNIA | LOCAL
November 15, 1991 | JEFFREY L. RABIN, TIMES STAFF WRITER
A Saudi Arabian billionaire used $7.7 million from accounts at the Bank of Credit & Commerce International to finance part of a major investment in Marina del Rey but was not involved in any wrongdoing at the scandal-plagued bank, Los Angeles County investigators have concluded.
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CALIFORNIA | LOCAL
September 12, 1991 | JEFFREY L. RABIN, TIMES STAFF WRITER
The FBI has begun investigating the business activities of Saudi Arabian billionaire Abdul Aziz al Ibrahim and his links with the scandal-ridden Bank of Credit & Commerce International. Los Angeles County officials who administer Marina del Rey confirmed Wednesday that they have been interviewed by an FBI agent seeking information about the "specter of BCCI," including Ibrahim's investment in the marina.
CALIFORNIA | LOCAL
July 31, 1991 | JEFFREY L. RABIN, TIMES STAFF WRITER
Los Angeles County Supervisors ordered an immediate investigation Tuesday to determine the extent of the connection between Saudi investors in county-owned Marina del Rey and the scandal-ridden Bank of Credit & Commerce International. Responding to a report in The Times, the supervisors unanimously called on the Sheriff's Department and other county agencies to investigate the link between billionaire Saudi businessman Abdul Aziz al Ibrahim and $130 million in questionable loans from BCCI.
NEWS
July 27, 1991 | JEFFREY L. RABIN, TIMES STAFF WRITER
The billionaire Saudi Arabian businessman who secretly bought a major stake in a large group of properties in Marina del Rey two years ago has been linked by auditors to $130 million in questionable loans from the now-shuttered Bank of Credit and Commerce International.
CALIFORNIA | LOCAL
July 11, 1991
Marina Del Rey's biggest developer and his Saudi Arabian partners, locked in a bitter battle for control of about one-fifth of the property in the marina and faced with imminent foreclosure by the first in a line of lenders, filed for federal bankruptcy protection Wednesday. The action by Abraham M. Lurie and his Saudi partners in U.S. Bankruptcy Court in Los Angeles blocks Great Western Bank from foreclosing on the Marina del Rey Hotel this morning.
NEWS
June 13, 1991 | JEFFREY L. RABIN, TIMES STAFF WRITER
Marina del Rey's biggest developer, Abraham M. Lurie, has filed for personal bankruptcy in the midst of a pitched battle with his Saudi Arabian partners for control of his extensive Marina holdings.
CALIFORNIA | LOCAL
June 6, 1991
A Los Angeles Superior Court judge has ordered appointment of a receiver to oversee the Marina del Rey properties of developer Abraham M. Lurie amid a bitter power struggle between Lurie and his Saudi Arabian business partners. Judge Eric E. Younger left open what powers the receiver will have in handling the extensive marina properties, which include three hotels, two apartment complexes, office buildings, shopping centers, restaurants and more than 1,000 boat slips.
CALIFORNIA | LOCAL
March 19, 1991 | JEFFREY L. RABIN, TIMES STAFF WRITER
A group of wealthy Saudi Arabian investors have filed suit to dissolve their partnership with Marina del Rey's biggest developer, accusing Abraham M. Lurie of engaging in fraud since selling them a 49.9% stake in his extensive Marina holdings nearly two years ago. The lawsuit filed last week in Los Angeles Superior Court seeks a court order to liquidate the partnership and appoint the Saudi investor group as receiver of Lurie's properties, which make up nearly one-fifth of the Marina.
CALIFORNIA | LOCAL
November 2, 1990 | JEFFREY L. RABIN, TIMES STAFF WRITER
Under a tentative agreement, a secretive group of Middle Eastern investors headed by a billionaire Saudi Arabian businessman will gain full control of long-term leases of public land at Marina del Rey, county officials confirmed Thursday. The deal involves the marina's largest developer, Abraham M.
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