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Richard Branson puts $1 billion Saudi investment plan on hold over missing journalist

Virgin Group founder Richard Branson has suspended a $1 billion investment mission with Saudi Arabia because of the disappearance of Washington Post columnist Jamal Khashoggi.

Branson made the announcement Thursday as U.S. senators sparked an investigation into the cases surrounding the thriller of the missing U.S. resident and Saudi critic.

“What has reportedly happened in Turkey around the disappearance of journalist Jamal Khashoggi, if proved true, would clearly change the ability of any of us in the West to do business with the Saudi Government,” Branson stated in a commentary.

“We have asked for more information from the authorities in Saudi and to clarify their position in relation to Mr Khashoggi.”

Read: Corporate America begins to distance itself from Saudi money due to Khashoggi affair

The Saudi executive introduced its goal to speculate $1 billion into Virgin Galactic and Virgin Orbit remaining 12 months, in line with CNBC.

Khashoggi vanished Oct. 2 after he went to the consulate in Istanbul to get bureaucracy so he may just marry a Turkish citizen.

On Wednesday, a bipartisan crew of senators despatched a letter to President Donald Trump that calls for him to decide whether or not Saudi Arabia is accountable for killing Khashoggi.

The consequence may just lead to U.S. sanctions towards the Saudi regime.

Referring to conceivable sanctions towards Saudi Arabian on Thursday, Trump that he’s “not be in favor of stopping a country from spending $110 billion and letting Russia and China have that money.”

This report originally appears in NYPost.com.

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