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SoftBank boss condemns Khashoggi murder, but won’t end ties
TOKYO, Nov 5, 2018 (BSS/AFP) – The head of Japanese firm SoftBank on
Monday condemned the killing of Saudi journalist Jamal Khashoggi, but
indicated he would continue to do business with Saudi Arabia.
“We were deeply saddened by the news of Mr Khashoggi’s murder and condemn
this act against humanity and also journalism and free speech. This was a
horrific and deeply regrettable act,” said Masayoshi Son in his first
comments on the killing.
However, he added: “As horrible as this event was, we cannot turn our backs
on the Saudi people as we work to help them in their continued efforts to
reform and modernise their society.”
Son confirmed he boycotted a high-profile Saudi investment forum last month
along with dozens of global business titans after reports emerged that
Khashoggi was killed in the Saudi consulate in Turkey.
And he said he had sought explanations from senior Saudi officials over the
killing, stressing: “We want to see those responsible held accountable.”
Nevertheless, he said the firm took seriously its “obligation” to help the
Saudi people “manage their financial resources and diversify their economy”.
Son finally broke his silence over the killing after the firm’s share price
tumbled due to SoftBank’s close ties with the Kingdom.
Nearly half of the money in the SoftBank Vision Fund comes from Saudi
Arabia and there has been a pledge of another $45 billion this year.
That gives the Saudis at least an indirect role in some of the hottest
companies in the tech sector, including Uber, Slack, WeWork and Nvidia.
BSS/AFP/FI/1359 hrs