Arab rulers and spy chiefs stashed millions in Swiss bank, data leak shows

Each of the son’s fathers-in-law also had bank accounts worth tens of millions of dollars, as did other businessmen linked to the Mubaraks, whom Egyptian authorities tried for corruption.

As the Arab Spring progressed in the Middle East, Swiss authorities announced that they had frozen tens of millions of dollars in effects linked to Mubarak and his authorities, as well as personal effects linked to governments Syrian, Libyan and Tunisia. But specific details about what was frozen remained scarce.

The only sitting head of state in leaked information was King Abdullah II of Jordan, a close US associate whose kingdom has received billions of dollars in US military and financial aid over the years. This aid amounted to $22 billion in 2018.

According to leaked information, King Abdullah had six Swiss accounts, including one that held more than $224 million in 2015. His wife, Queen Rania, had an account that exceeded $40 million in 2013. These accounts have been closed in 2015 and 2016. .

Most of the money in the King’s biggest account came from the sale of a plane in May 2015 for $212 million, the statement said. The trigger was his “personal wealth”, inherited from his father, the former monarch, and invested since.

Queen Rania’s account held part of the king’s private fortune reserved for the couple’s four children, who were minors at the time, the statement said.

Former Algerian President Abdulaziz Bouteflika had a shared account with many close associates that held $1.1 million in 2005, leaked information confirmed. He was ousted after 20 years in power in 2019 and died in 2021.