Leak shows King Abdullah was beneficial owner of at least six Credit Suisse accounts

In 2011, as popular revolts reverberated around the Middle East, a monarch in the midst of it all made some banking decisions. Sometime that year, as neighbouring Egypt and Syria withered in the face of momentous civil protests, King Abdullah II of Jordan opened two new accounts with Credit Suisse, the Swiss bank that had discreetly served the region’s well-heeled for decades.

Abdullah, one of the world’s longest-serving current monarchs, had chosen a banker that shared his approach to secrecy, particularly surrounding his personal wealth. Over the next five years, the king was the beneficial owner of at least six accounts with Credit Suisse, while his wife, Queen Rania, had another.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

No 10 apologises to palace over parties on eve of Prince Philip funeral

Boris Johnson’s spokesperson says ‘it’s deeply regrettable that this took place’ Coronavirus…

HMRC examines if David Cameron failed to fully disclose Greensill private flights as taxable perks

Former PM, who became a life peer last week, under scrutiny over…

Untouchable Boris? Bluster-busting Starmer could well put him on the back foot again

Labour leader cuts to thrust, flagging up nurses’ 1% pay plan against…

Benfica vs Inter

Benfica, Inter Milan