Hamad Bin Jassim made $12 billion from shady deals: Qatari opposition

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The wealth of former Qatari prime minister Hamad Bin Jassim is bigger than ever. He has been receiving huge sums of money from suspicious deals made at the expense of Qatari people, sources from the Qatari opposition told Saudi newspaper Alriyadh.

In 2013, Bin Jassim’s liquid assets reached $12 billion, in addition to owning Qatar Airways, International Bank of Qatar, and The West Bay and Four Seasons hotels.

He received a $200 million commission on a bridge project between Qatar and Bahrain that is yet to be completed, another $400 million commission in the buying out of Harrods, and 500 million pound sterlings as commissions in arms deals in 1996. 

Bin Jassim is accused, in Qatar, of embezzling $8 billion in government funds. He owns organizations and companies that constitute 60% of Qatar’s economy.

Panama documents also showed that the Qatari mastermind owns a company in the Virgin Islands, three companies in the Bahamas, $700 million in Deutsche Bank, the Churchill and Radisson Hotels in London, and four companies in Panama to facilitate opening bank accounts in Luxembourg.

The Qatari statesman flaunts his wealth extravagantly, buying a $300 million yacht and a $180 Picasso painting.

Hamad Bin Jassim and Hamad Bin Khalifa are the de facto leaders of Qatar. Bin Jassim runs Qatari media and economy and manages Qatar’s relations with terrorist groups in the Arab region and worldwide.

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