Advisers Face Saudi Backlash in LIV Golf Probe, Risking Imprisonment

Saudi Arabia has reportedly threatened to imprison bankers and consultants involved in the LIV Golf merger if they cooperate with a probe by US lawmakers. In November, the Public Investment Fund (PIF) sued its advisers in a Saudi court to prevent information from being shared with the US Senate committee on homeland security and governmental affairs.

Violating the court order could lead to a 20 years imprisonment. US lawmakers criticized the lack of cooperation with advisers citing potential criminal penalties under Saudi law. PIF claimed the requested documents are unprecedented and they are making efforts to comply with Saudi laws. Despite assurances, opposition to the LIV Golf merger persists with concerns about political complications.