Judge Reopens Rape Case Against News Corp. Investor

Saudi prince is second largest shareholder in media giant

A Spanish judge has reopened a sexual assault case against Saudi prince and second largest News Corp. shareholder Alwaleed bin Talal bin Abdulaziz al-Saud, The New York Times reports.

The case alleged that the prince raped a model on his yacht in Ibiza, Spain, in August 2008. The name of the accuser was never publicly revealed, nor was the case highly publicized, and it was eventually closed in July 2010 for lack of evidence. But on appeal, a Spanish court ordered the judge to resume investigations and to summon Prince Alwaleed to appear.

In a press release, Prince Alwaleed’s investment firm, the Kingdom Holding Co., called the allegations “completely and utterly false” and said that the encounter “simply never happened.” It goes on to say that the prince was not in Ibiza at any point in 2008 and hadn’t been there for over a decade, and that he had been unaware of the original complaint news of its reopening reached the press on Tuesday.

Heba Fatani, a spokeswoman for the company, added, “There have been many examples of people impersonating Prince Alwaleed over the Internet and elsewhere for their own purposes. While one can suppose a young person in Ibiza might be fooled by such a fraud, we would have expected more from The New York Times.”

In addition to his News Corp. holdings, Prince Alwaleed is also the largest individual stakeholder in Citigroup and is worth an estimated $19.4 billion, according to Forbes.