Thanks To Power Player Friends, Arrested Billionaire British Crony Out On $16M Bail
6:06 pm, October 31st | by Hillary Reinsberg
Victor Dahdaleh, the billionaire British political crony and friend to Bill Clinton who was charged in a $1 billion bribery case, has been released on $16 million bond. Friends of Dahdaleh, most notably high-ranking execs at Credit Suisse and BP, offered an addition $2.3 million guarantee.
As we reported last week, Dahdaleh was arrested on bribery and corruption charges related to dealings with an aluminum smelting company in Bahrain. He was accused of bribing authorities to illegally control aluminum trading and supply chains.
The billionaire businessman, who counts British politicians and CEOs among his friends and also sits on the board of the Clinton Foundation, clearly exercised some of those connections to get out on bail. That, and his obviously large collection of cash in the bank.
That being said, he’s still subject to a 10 p.m. to 6 a.m. curfew, so don’t expect any midnight meetings with his high profile pals.