[ad_1]
Leaks about cash held by Jordan’s King Abdullah in accounts at Swiss financial institution Credit score Suisse have “inaccurate, outdated and deceptive” info, Jordan’s royal palace stated on Monday.
Leaked knowledge that contained particulars about 1000’s of financial institution accounts at Credit score Suisse from the Nineteen Forties to 2010s was revealed by a number of media shops on Sunday.
For the newest headlines, comply with our Google Information channel on-line or through the app.
The studies advised that the Jordanian monarch had at the very least six accounts with tens of thousands and thousands of Swiss francs.
“These current studies are getting used to smear His Majesty and Jordan and deform the reality,” the palace stated in an announcement, including that the figures have been overblown as a result of the quantities within the accounts had been counted a number of instances.
The assertion stated the majority of cash listed in a number of studies associated to the substitute of planes the monarch had inherited from his father, the late King Hussein.
It cited a $212 million sale of an Airbus 340 airplane that was changed with a smaller, more cost effective Gulfstream jet at the moment utilized by the monarch.
The assertion stated these financial savings have been used with the monarch’s private wealth to cowl royal household prices, together with royal initiatives throughout the nation over the previous few years to assist the under-privileged.
The palace stated these financial institution accounts have been unbiased of state or public funds and have been administered by the Privy Purse, a division accountable for royal bills established 70 years in the past.
The leak comes months after one other knowledge dump collectively referred to as the “Pandora Papers” alleged that Abdullah, an in depth US ally, used offshore accounts to spend greater than $100 million on luxurious houses in the USA and Britain.
The palace stated then that the king had personally bought the properties and no funds from the state finances or treasury had been used.
The leaked paperwork coincide with disenchantment amongst Jordanians. The nation has witnessed avenue protests in opposition to financial hardship, excessive youth unemployment and a scarcity of progress on political reforms.
Opposition politicians say Abdullah has not carried out sufficient to deal with corruption in state companies, the place nepotism and poor governance has shaken well-liked confidence within the ruling elite.
[ad_2]
Source link
