Sheikh Hamad Bin Jassim Bin Jaber Al Thani himself involved in corruption and money laundering !!!

[mr42O]

Chora da yaar wi chor

Sheikh Hamad Bin Jassim Bin Jaber Al Thani himself involved in corruption and money laundering !!!

As noted by the Jersey Royal Court in its May 28, 1999 decision in State of Qatar v. Al Thani [1999 JLR 118], Qatar had commenced proceedings against Sheikh Hamad, alleging that he had transferred public funds in violation of Qatari law and obtained a Mareva injunction against his assets in Jersey. Though a settlement was then reached, Sheikh Hamad failed to comply with its terms and Qatar obtained an order containing a further Mareva injunction. The decision noted that Sheikh Hamad was the Emir of Qatar from 1972 to 1995. After he was removed from office in June 1995, Qatar opened an inquiry into his use of public funds and alleged that substantial amounts of public funds had been transferred during his reign to accounts around the world, in violation of Qatari law. In October 1996, Sheikh Hamad reached a settlement agreement but failed to comply with its terms. Qatar then commenced attachment proceedings in Switzerland and elsewhere. Jersey Royal Court decision, In re Yaheeb Trust [2003 JLR 92] provides background to the effort to attach Sheikh Hamad's assets. According to a June 7, 2007 Guardian article, After the 1995 coup, Qatar was persuaded by UK Conservative defence minister Michael Portillo to sign up with BAE in a £500m arms deal called Project Nile. BAE made a secret "commission" payment of £7m in 1998 to Sheikh Hamad, the Qatari foreign minister, The cash was deposited in an offshore account operated by Grindlays Bank in Jersey, in the name of two anonymous trusts called Yaheeb and Havana. UK's Serious Fraud Office and the Jersey Attorney General both investigated the case but later dropped their investigations.

http://star.worldbank.org/corruption-cases/node/18726

 

[mr42O]

Former prime minister Sheikh Hamad bin Jassim bin Jaber al-Thani bought a company in 2002 that was registered in the British Virgin Islands and three others in the Bahamas.

Through these companies Thani, who is popularly known as HBJ and is worth an estimated $7bn, managed his $300mn super-yacht al-Mirqab.

In 2011, HBJ bought four companies in Panama who held bank accounts in Luxembourg, where Qatar had recently started investing due to its low taxation, according to documents dated July 2013.

The ICIJ did not reveal how much money was held in these accounts but they did reveal that two of his accounts were co-owned with the then Emir of Qatar Sheikh Hamad bin Khalifa al-Thani, who also features in the Mossack Fonseca leak through the ownership of a company in the British Virgin Islands.

The ICIJ published a copy of HBJ’s passport which was included in the leak, which showed his diplomatic status, something which the former prime minister has used recently to avoid prosecution in Britain over allegations he had a British citizen falsely imprisoned and tortured.

A spokesperson for HBJ told the ICIJ that they didn’t “have the right” to answer any questions about the leaked documents because he is “bound by professional secrecy”.

http://www.middleeasteye.net/news/c...leaders-revealed-panama-papers-leak-662088930