Billionaire John Paulson files to dismiss former partner’s $50M suit ...Middle East

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Billionaire John Paulson files to dismiss former partner’s $50M suit
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Billionaire John Paulson filed a motion to dismiss a $50 million lawsuit filed by his former business partner over allegations of fraud and breach of contract, claiming he did it to get media attention and distract from his own misdeeds. Fahad Ghaffar, Paulson’s partner in a number of hotels in Puerto Rico, claims he invested $17 million in Paulson’s F40 car company in 2022 that would be converted into a 50% equity stake. In the recent filing, Paulson’s legal team stated, “There was no fraud, no deceit, no misconduct, and no misrepresentations on the part of the Paulson Defendants.” The motion goes on to allege that, “Ghaffar made these false allegations with the sole intent of gaining

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