Billionaire Larry Ellison, the 3rd richest American according to Forbes, has purchased Lanai which is the 6th largest Hawaiian island.
At $500,000,000 it was quite a steal considering it breaks down to a tiny 0.13 cents a square foot. A great 500 million USD investment by the Oracle CEO.
Lanai is a destination of untouched tranquility, relaxation and tranquility. A golfers paradise, no distraction or hustle and bustle like Oahu.
This romantic island is a true getaway, though they also have a Four Seasons five star hotel.
The rich get richer. Congratulations, Mr. Ellison on obtaining Hawaii’s most enticing island. Well played sir and Aloha.
Iranian-Canadian Mahmoud Reza Khavari was chairman of the board and managing director of Iran’s largest bank, the state-owned Bank Melli, until he resigned and fled the country for Toronto, Canada in 2011.
Prosecutors are seeking to question him and officials at several Iranian banks suspected of facilitating fraudulent rial and foreign currency banking payments totaling over $3 Billion USD.
BMI is owned and operated by the government of Iran and should follow the banking principles and practices described in the Islamic Banking law of Iran, only engaging in interest-free Islamic transactions.
Canada has no extradition treaty with Iran and they can not legally extradite individuals to countries that are likely to torture prisoners or impose death-penalty sentences.
State television in Tunisia revealed a massive fortune in the treasure chest of ousted Tunisian President Zine El Abidine Ben Ali.
Hundreds of millions of dollars, euros, gold, diamonds and precious jewels were left behind after Ben Ali fled to Saudi Arabia.
The European Union, Switzerland and Canada as well have frozen the assets of the ousted president and his family.
After the rampant corruption during Ben Ali’s rule in North Africa, much of the wealth is hoped to be redistributed to common man Tunisians who survive on average of $10 per day.
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