BR100 Decreased By (-0.74%)
BR30 Decreased By (-0.63%)
KSE100 Decreased By (-0.79%)
KSE30 Decreased By (-0.9%)
AGHA 7.70 Decreased By ▼ -0.11 (-1.41%)
BECO 5.14 Decreased By ▼ -0.07 (-1.34%)
BML 57.80 Increased By ▲ 0.30 (0.52%)
BOP 33.82 Decreased By ▼ -0.21 (-0.62%)
CNERGY 9.90 Decreased By ▼ -0.06 (-0.6%)
CSIL 5.28 Decreased By ▼ -0.03 (-0.56%)
FCCL 53.50 Decreased By ▼ -1.20 (-2.19%)
FFL 16.56 Decreased By ▼ -0.13 (-0.78%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.25 Decreased By ▼ -0.15 (-2.03%)
KOSM 5.85 Increased By ▲ 0.08 (1.39%)
LOTCHEM 29.10 Decreased By ▼ -0.22 (-0.75%)
MLCF 91.84 Decreased By ▼ -2.52 (-2.67%)
NBP 201.23 Decreased By ▼ -1.82 (-0.9%)
NCPL 56.70 Decreased By ▼ -0.30 (-0.53%)
NPL 66.90 Decreased By ▼ -0.80 (-1.18%)
OGDC 314.60 Decreased By ▼ -1.24 (-0.39%)
PACE 10.60 Decreased By ▼ -0.04 (-0.38%)
PAEL 41.90 Decreased By ▼ -1.30 (-3.01%)
PIBTL 16.37 Decreased By ▼ -0.37 (-2.21%)
PPL 217.90 Decreased By ▼ -1.88 (-0.86%)
PRL 50.37 Increased By ▲ 1.18 (2.4%)
PTC 69.55 Decreased By ▼ -0.98 (-1.39%)
SSGC 26.92 Decreased By ▼ -1.33 (-4.71%)
TBL 9.78 Decreased By ▼ -0.08 (-0.81%)
TELE 8.66 Decreased By ▼ -0.13 (-1.48%)
TPL 18.10 Decreased By ▼ -0.14 (-0.77%)
TPLP 13.40 Increased By ▲ 0.13 (0.98%)
TREET 22.47 Decreased By ▼ -0.25 (-1.1%)
TRG 59.77 Decreased By ▼ -0.37 (-0.62%)
By

AMMAN: Jordan's King Abdullah owns properties in the United States and Britain and this was not a secret, the royal palace said, adding privacy and security reasons were behind not disclosing it.

In a massive leak of financial documents published on Sunday, King Abdullah, a close ally of the United States, was alleged to have used offshore accounts to spend more than $100 million on luxury homes in the United Kingdom and the United States.

"It is no secret that His Majesty owns a number of apartments and residences in the United States and the United Kingdom. This is not unusual nor improper," said the statement.

Panama law firm heavily implicated in 'Pandora Papers' revelations

The dump of millions of records that tied world leaders to secret stores of wealth came five years after the leak known as the "Panama Papers" exposed how money was hidden by the wealthy in ways that law enforcement agencies could not detect.

The Jordanian palace said these properties were used during official visits and some of these are used during private visits.

Security reasons were behind not disclosing the foreign properties which were brought from the monarch's private income and not state funds, it said.

Pandora Papers: Document dump allegedly links world leaders to secret wealth

"The cost of these properties and all related expenditures have been personally funded by His Majesty. None of these expenses have been funded by the state budget or treasury," the statement said.

Comments

Comments are closed for this article.