'Nothing secretive' about Jordan king's real estate, FM says

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Jordan's foreign minister on Thursday pushed back against a report that the country's monarch, King Abdullah II, went out of his way to hide the purchase of more than a dozen luxury homes worth more than US$106 million, saying there was 'nothing secretive' about the transactions.

AMMAN, JORDAN -- Jordan's foreign minister on Thursday pushed back against a report that the country's monarch, King Abdullah II, went out of his way to hide the purchase of more than a dozen luxury homes worth more than US$106 million, saying there was "nothing secretive" about the transactions.

The International Consortium of Investigative Journalists, citing information from a trove of leaked documents, reported earlier this week that Abdullah obtained the properties through offshore shell companies. Abdullah's offshore dealings drew particular attention, along with those of several other bold-faced names. This may have been, in part, because of the contrast between his luxury real estate holdings and Jordan's heavy dependence on international aid and the nation's continued economic crisis.

When asked about the optics of the ruler of one of the region's poorest countries owning multi-million-dollar homes, Safadi suggested the focus on the king was disproportionate."There isn't any claim of corruption here," he said. "There is a claim that the optics don't look good, in a country that depends on foreign aid, has high unemployment and at the same time the monarch has all these luxurious houses throughout the world.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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