Los Angeles Foreign Investments Saudi Arabia

Angered by the continuing Arab economic boycott of companies that do business with Israel, a member of Los Angeles County's Small Craft Harbor Commission objected Wednesday to the expected takeover of a major bloc of marina properties by a billionaire Saudi Arabian businessman.

Angered by the continuing Arab economic boycott of companies that do business with Israel, a member of Los Angeles County's Small Craft Harbor Commission objected Wednesday to the expected takeover of a major bloc of marina properties by a billionaire Saudi Arabian businessman.

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.

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.

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.

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.