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Friday, 17 March, 2000, 18:55 GMT
Brunei prince's '£3bn spending spree'
![]() Prince Jefri: The scandal could threaten the royal family
The youngest brother of the Sultan of Brunei, Prince Jefri Bolkiah, spent almost $3bn in the past 10 years on aircraft, yachts, cars and jewellery, a court heard.
The Sultan - one of the world's richest men - is suing his brother and 71 other people for allegedly squandering $16bn of oil-derived state reserves.
The prince denies the charge, but a BBC correspondent in the region says the inhabitants of Brunei may question the rule of the Bolkiah family, once they understand how much of the nation's wealth has been squandered.
The court granted Prince Jefri $300,000 a month living expenses - well above the $59,000 he was originally allowed, when his assets were frozen as a result of the civil lawsuit filed by the government.
He had asked for a monthly allowance of about $500,000, saying he did not have enough to support his four wives, 17 children and 18 other adopted wards.
Prince Jefri resigned as finance minister in 1998 after the country's largest private company, Amedeo Development Corp, lost an estimated $16bn. He was also stripped of his post as head of Brunei Investment Agency (BIA), which controls the overseas assets of the tiny sultanate on the northern tip of the south east Asian island of Borneo.
Brunei's accumulated oil riches are believed to be between $40bn and $60bn.
After more than a year of self-imposed exile in Europe and the United States, Prince Jefri recently returned to Brunei. Now his passport has been taken away and he has been barred from leaving the country. He lives in a separate palace away from the one where Sultan Hassanal Bolkiah and his family stay. Most of his wives and children live overseas. Details of Prince Jefri's assets are not yet known, and the court has asked him to declare them in two months.
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