Article 5WBTH Revealed: king of Jordan used Swiss accounts to hoard massive wealth

Revealed: king of Jordan used Swiss accounts to hoard massive wealth

by
Martin Chulov Middle East correspondent
from World news | The Guardian on (#5WBTH)

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.

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