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Australian court allows former planner Osama Saad temporary travel to Dubai and Mecca despite ongoing $1B fund collapse investigation.
Osama Saad, a former financial planner under investigation by Australia's ASIC over the collapse of two funds that lost $1 billion, has been granted temporary travel permission to Dubai and Mecca.
The Federal Court lifted his travel ban after he appeared in person to give a formal undertaking to return, despite health concerns raised by his legal team.
ASIC initially opposed the move, citing risks of non-return, referencing another fugitive investigator.
The court denied his request to access $15,000 from a frozen account, fearing it would reduce assets available for potential legal action.
Saad has not been charged, and the investigation continues.
El tribunal australiano permite al ex planificador Osama Saad viajar temporalmente a Dubai y La Meca a pesar de la investigación en curso del colapso del fondo de $ 1B.