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Jordan’s King Among Leaders Accused of Amassing Secret Property Empire

Jordan’s King Among Leaders Accused of Amassing Secret Property Empire

The New York Times
Monday, October 04, 2021 03:52:45 AM UTC

A leak of nearly 12 million files suggested King Abdullah II was among 35 current and former leaders to use secret shell companies to hide their wealth.

GAZA CITY — King Abdullah II of Jordan came under heightened scrutiny on Sunday after an alliance of international news organizations reported that he was among several world leaders to use secret offshore accounts to amass overseas properties and hide their wealth.

The king was accused of using shell companies registered in the Caribbean to buy 15 properties, collectively worth more than $100 million, in southeast England, Washington, D.C., and Malibu, Calif. The purchases were not illegal, but their exposure prompted accusations of double standards: The Jordanian prime minister, who was appointed by the king, announced in 2020 a crackdown on corruption that included targeting citizens who used shell companies to disguise their overseas investments.

The Jordanian royal court declined to provide a comment to The New York Times, but lawyers for King Abdullah told the International Consortium of Investigative Journalists, which published the report, that his foreign properties were bought exclusively with his personal fortune and not public funds.

Read full story on The New York Times
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