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Saudi Bank Rejects Justice Department Subpoena Linked to Al Haramain Case
By Colby Adams
printA Saudi Arabian bank is challenging the United States' right to subpoena a Saudi national's financial records after the bank's regulator said that compliance with the order would violate privacy laws. U.S. Justice Department investigators asked Riyadh-based Al Rajhi Bank in July to turn over all records relating to the March 2000 deposit of $151,000 in checks by the former chairman of the Ashland, OR-based Al-Haramain Islamic Foundation, an organization deemed a terror group by the United States since September 2004. In September, the Saudi Arabian Monetary Agency refused to grant the bank permission to comply with the U.S. subpoena,...
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