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'Laden has less than $50 million'

Terrorist mastermind Osama bin Laden may not be so rich after all. Contrary to what the West thinks, the wealth of the most wanted man in the world is no more than $50 million, the former head of the Saudi secret service disclosed on Thursday.

"The Westerners have estimated it at between one and five billion dollars," Prince Turki al-Faisal said in an interview with the Arab News and London-based MBC TV.

"Our estimates, made when I was the director of intelligence, put it at between 40 and $50 million," the prince said.

Prince Turki has closely followed Laden's career.

"There are different methods of hiding money, from secret accounts to other ways. He (Laden), like any other criminal, follows these well-known paths," the prince said.

Turki also ruled out the possibility that Laden's Al Qaeda organisation may have acquired weapons of mass destruction.

Agencies

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