US FIRM RETURNS $400M FUND TO SAUDI ARABIA OVER KHASHOGGI MURDER | WHAT REALLY HAPPENED

US FIRM RETURNS $400M FUND TO SAUDI ARABIA OVER KHASHOGGI MURDER

A Beverly Hills-based talent agency, Endeavor, has returned a $400m investment fund to Saudi Arabia and cancelled its contract with the kingdom over the murder of journalist Jamal Khashoggi, the New York Times reported.

The fund was given to the firm's chief Ariel Emanuel during a high-profile Hollywood party last spring, which brought together Saudi Crown Prince Mohammed bin Salman (MBS), Disney chief executive Robert Iger and Amazon founder Jeff Bezos, among others.

The money was meant to fund the growth of Endeavor and diversify the kingdom's economy through the agency's work in various industries, including sports and film production.

But following the murder of Khashoggi, the firm returned the fund, protesting the murder, and effectively ending its relationship with Saudi Arabia, according to two NYT sources with knowledge of the deal.

The move came months after several international companies, including Uber and Goldman Sachs, cancelled plans to attend an investment conference in the Saudi capital, Riyadh, in October last year.

Webmaster's Commentary: 

Say what you want; but to do this, for that eye-popping amount of money, is amazing; my hat is off to these folks, who decided that personal and social responsibility meant more than just collecting millions off of a billionaire with no conscience or heart.

Bravo, well done, all!

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