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Senators rail on Saudi obstruction of foreign investment probe

Senators rail on Saudi obstruction of foreign investment probe
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Senate panel warns legal play by Saudi investment fund could erode investigative power

A Senate subcommittee grilled executives from Boston Consulting Group, McKinsey & Company, M. Klein & Company and Teneo Tuesday on their company’s compliance with congressional subpoenas related to their work with Saudi Arabia’s Public Investment Fund (PIF). The PIF filed lawsuits in Saudi Arabia against each of the four U.S.-based contractors last fall in what…

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