Pandora Papers’ claims threaten royal family’s safety -Jordan

Jordanian authorities say the Pandora Papers’ claims threaten royal family’s safety.

The ‘Pandora Papers’ is an investigation based on one of the biggest-ever leaks of financial documents which, on Sunday, exposed a hidden world of shielded wealth belonging to hundreds of politicians and billionaires.

Considered as one of the largest ever global media investigations, the Pandora Papers involved more than 600 journalists who, together, analysed some 11.9 million documents from financial services companies around the world.

They found links between almost 1,000 companies in offshore havens and 336 high-level politicians and public officials, including more than a dozen serving heads of state and government.

Jordan’s royal court Monday rejected as “distorted” claims made in the so-called Pandora Papers that King Abdullah II created a network of offshore companies to build a $100 million overseas property empire.

Read Also 10 Nigerian politicians implicated in Pandora Papers

It said that the reports “included inaccuracies and distorted and exaggerated the facts”, and that revealing the properties’ addresses was “a flagrant security breach and a threat to His Majesty’s and his family’s safety”.

The files show King Abdullah II, who has faced angry protests against austerity measures in recent years, created a network of offshore companies and tax havens to amass a $100 million property empire between 2003 and 2017, including 15 homes from Malibu, California to Washington and London.

The Jordanian embassy in Washington declined to comment, but the BBC cited lawyers for the king saying all the properties were bought with personal wealth, and that it was common practice for high profile individuals to purchase properties via offshore companies for privacy and security reasons.

Related Posts

Ohanaeze Ndigbo Calls for Immediate Sovereign National Conference

Apex Igbo socio-cultural organisation, Ohanaeze Ndigbo Worldwide, has called for the immediate convocation of a Sovereign National Conference to produce what it described as a constitution that genuinely reflects the…

Driver Loses Control as Gas Tanker Erupts in Flames in Lagos

A gas-laden tanker travelling at high speed struck a road bump and caught fire after the driver lost control along Abaranje Road in the Ikotun area of Lagos State. The…

Leave a Reply

Your email address will not be published.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

You Missed

Ohanaeze Ndigbo Calls for Immediate Sovereign National Conference

Ohanaeze Ndigbo Calls for Immediate Sovereign National Conference

Driver Loses Control as Gas Tanker Erupts in Flames in Lagos

Driver Loses Control as Gas Tanker Erupts in Flames in Lagos

NMA Lauds Enugu Governor’s Vision: Linking Agriculture to Nutrition, Immunity, and Economic Growth

NMA Lauds Enugu Governor’s Vision: Linking Agriculture to Nutrition, Immunity, and Economic Growth

NAFDAC Launches Nationwide Crackdown on Small Sachet and PET Bottle Alcohol

NAFDAC Launches Nationwide Crackdown on Small Sachet and PET Bottle Alcohol

Trump’s Letter to Tinubu Is Proof of Progress, Presidency Declares

Trump’s Letter to Tinubu Is Proof of Progress, Presidency Declares

Adamawa ADC Insists Omar Suleiman Remains Governorship Candidate, Dismisses Replacement Rumours

Adamawa ADC Insists Omar Suleiman Remains Governorship Candidate, Dismisses Replacement Rumours