Saudi Arabia Says Bankers Who Help LIV Probe Risk Facing Prison

Saudi Arabia has told the bankers and consultants it works with that they risk prosecution and prison time if they cooperate with a probe by US lawmakers into the planned merger of the PGA Tour with LIV Golf, according to congressional testimony.

The kingdom’s Public Investment Fund sued its advisers in a Saudi court in November in order to prevent them from submitting information to the US Senate committee on homeland security and governmental affairs. Violating the court order could lead the kingdom to imprison executives and their staffers for 20 years, according to veteran investment banker Michael Klein, one ...