Khashoggi released on $10M bail
NZPA-Reuter New York The Saudi arms dealer, Adnan Khashoggi, traded a cramped jail cell for a luxury New York apartment thanks to two $5 million bail cheques signed by his brothers.
Khashoggi, accused of aiding the ousted Philippines President, Ferdinand Marcos, in a mas-
sive fraud scheme, declared his innocence and his faith in the United States legal system just before speeding off in a silver limousine to his SUS 26 million ($NZ44.6 million) apartment on Manhattan’s chic Fifth Avenue.
The apartment is composed of 16 former apartments in a building built by Aristotle Onassis. To
remain free on bail pending trial next March, Khashoggi must wear an electronic bracelet which will allow authorities to monitor his whereabouts. A computer will regularly dial the jet-setting Khashoggi’s apartment and he will have to answer the telephone stating his name and the time and placing the
bracelet in a box attached to the phone to identify himself. Federal Judge John Keenan set a trial date of March 14, 1990 for Khashoggi and Marcos’ wife, Imelda. The Government estimated the trial will take two to three months. The Court has ruled that Marcos is too ill to be tried.
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Press, 29 July 1989, Page 11
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201Khashoggi released on $10M bail Press, 29 July 1989, Page 11
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