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8th April 2020

Adel al-Jubeir, the Saudi diplomat who endorsed the $100m donation to Spain’s King Juan Carlos

Adel al-Jubeir, 58, the current Saudi minister of state for foreign affairs, was the authority who allegedly endorsed the origin of the $100 million that was transferred to an account linked to Spain’s then-King Juan Carlos I in Swiss private bank Mirabaud. That’s according to documents from a probe in… Read More

27th March 2020

Close friend of Spain’s emeritus king transferred $39 million from “donation” to a US bank

An information exchange between a Spanish judge and a Swiss prosecutor has shed new light on an ongoing investigation into alleged financial irregularities involving emeritus king Juan Carlos I, the father of Spain’s reigning monarch Felipe VI. Spain’s High Court, the Audiencia Nacional, has been waiting for the Swiss… Read More

17th March 2020

Spain’s king renounces inheritance and cuts father’s income over ‘offshore fund’

Spain’s King Felipe VI has renounced his personal inheritance from his father and stripped the former king Juan Carlos of his annual stipend after it was alleged that Felipe VI was poised to receive millions of euros from a secret offshore fund with ties to Saudi Arabia. The statement issued… Read More

16th March 2020

Saudi Arabia detains 298 public officials in new corruption probes

Saudi Arabia on Sunday announced the detention of hundreds of government officials, including military and security officers, on charges involving bribery and exploiting public office, and said investigators would bring charges against them. Scores of the kingdom’s economic and political elite were detained in 2017 at Riyadh’s Ritz-Carlton hotel in… Read More

11th March 2020

Spanish parliament rejects request to investigate King Juan Carlos

The Spanish parliament on Tuesday rejected for the second time in two years a request by several parties to open an investigation into the business activities of former King Juan Carlos. Unidas Podemos, which is part of the government coalition together with Prime Minister Pedro Sanchez’s PSOE, had together with… Read More

5th March 2020

Retired Spanish king Juan Carlos, investigated for $100 million Swiss bank account

Swiss public prosecutors are investigating a 100 million dollar bank account held by Spain’s king emeritus Juan Carlos I in Geneva, according to the Swiss newspaper Tribune de Genève. This money allegedly has its origin in a donation made in 2007 by the Saudi royal house’s finance ministry to the… Read More

11th February 2020

How a Reality-TV Producer Became Rainmaker to $300 Billion Saudi Fund

Businesses looking for cash from Saudi Arabia’s $300 billion sovereign-wealth fund, one of the world’s most influential investors, have found it helps to enlist a former reality-TV producer from Sarasota, Fla. Carla DiBello, 35, has become a high-profile figure in Saudi Arabia’s investment scene for her connections with the… Read More

29th January 2020

Deutsche Bank’s Payments to Saudi Royal Adviser Under Scrutiny: FT

Deutsche Bank’s Switzerland-based wealth management division paid $1.1 million to secure lucrative business arrangements with a senior member of the Saudi royal family, the Financial Times reported Sunday, citing the findings of an internal probe conducted by the bank. The funds, which were offered in tandem with an internship… Read More

11th December 2019

Trump unveils slew of sanctions over human rights abuses overseas

The Trump administration is imposing sanctions on at least 20 more people accused of human rights abuses, targeting government officials, businessmen and others in countries from Myanmar to Pakistan — but still avoiding penalizing some world leaders deemed critical partners. The new sanctions, announced Tuesday, are the latest in a… Read More

12th November 2019

Jho Low of Cyprus: 1MDB fugitive’s passports keep police guessing

The revelation last week that fugitive Malaysian businessman Low Taek Jho, better known as Jho Low, holds a Cypriot passport has sparked a fresh flurry of speculation over his whereabouts, as authorities attempt to track him down for alleged financial crimes linked to defunct state fund 1Malaysia Development Berhad. The… Read More

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