Just like other masterminds of intrigues and seditions through history, who led coups from their palaces, Hamad bin Jassem lived in the Royal Palace in Doha, weaving the nets of extremism, violence and terrorism, distributing it to his neighbours. He relied on political and financial corruption in managing the affairs of his own empire.
He has lots of titles, as he was described as the biggest conspirator, the Western spy, the creator of Arab divisions, the godfather of Doha’s dubious deals, and the great economic powerhouse, who has been in the shadows since leaving office after Tamim's coup against his father Hamad bin Khalifa on June 25, 2013.
Hamad bin Jassim bin Jaber, Qatar's Foreign Minister, who took office at the age of 33, his great uncle founded Qatar in 1971, which expanded the influence of Al-Thani, the ruling family in Qatar.
While Jassim served as Prime Minister in 2007, he also was the Minister of Foreign Affairs at the same time. He was not only interested in the tense politics in the Middle East, but also in making a fortune for himself. According to papers published by Forbes Economic, his wealth is about at least $1.2 billion.
Bin Jassim was one of the 140 politicians who were involved with dubious deals and were named in the law firm Mossack Fonseca’s files. He is said to be one of the biggest deals’ signatories in secret and managed secret bank accounts to conceal billions of dollars and manage investments and assets, according to the International Consortium of Investigative Journalists. He was chosen between 29 millionaires in Panama Papers.
The former foreign minister of Qatar has $700 million in Deutsche Bank, which was not mentioned in Panama Papers. The bank disclosed these shares in 2013, after leaving office as Prime Minister and Foreign Minister.
In a statement issued in 2014, Deutsche Bank announced its issuance of 59.9 million new shares at a price of 29.20 Euros in Paramount, a services holding company limited owned by Hamad Bin Jassim. That is a transaction that was not subjected to registration requirements for the US Securities Act 1933, neither offered or sold in the US, and the total proceeds of this offer were 1.7 billion Euros.
In 2002, Panama Papers revealed that former Qatari Prime Minister Hamad bin Jassem had owned a company in the British Virgin Islands and three other companies in the Bahamas. Through these companies, he was able to own shares and had the right to anchor at a Spanish port in Palma de Mallorca. He had a private yacht “the Merkab”, with the cost of $300 million. It was 133 meters long and said to contain a helipad, jacuzzi, cinema, gym and spa.
Panama Papers’ leaks found 8 offshore companies linked to Hamad bin Jassem. Forbes also monitored 3 other holding companies. That made Qatar's former Foreign Minister a godfather of Doha’s dubious deals.
In the same vein, the Qatari embassy and Consulate in New York and the Qatar Investment Authority (QIA) rejected Forbes’s request to disclose some of the companies, especially the recently established. The newspaper quoted from the International Investigative Journalists, which coordinated the Panama Papers investigations, that the lawyer of Bin Jassim said he couldn’t comment because he "didn’t have" the right to answer the raised questions.
