Saudi Prince Locked in $5 Million Fight Over 'James Bond Island'
- Member of the super-rich House of Saud sues over $5 million
- ‘James Bond island’ to offer ‘unparalleled barefoot luxury’
A Saudi prince is suing a business partnership over $5 million in his purchase of a stake in a lush Bahamian island, the latest of the kingdom’s wealthy royals to turn to Delaware’s Chancery Court to resolve a dispute.
Prince Salman Bin Sultan Bin Salman Bin Abdulaziz Al Saud claims that officials of Cave Cay LP, controlled by investment fund Yntegra Group, are violating a side agreement under which he and Yntegra officials are each to pay the $5 million to the partnership. The prince alleges the partnership is demanding the sum of him but not of Yntegra. In his lawsuit, which has been unsealed, he asks the court to make Cave Cay honor the pact.