A look into the secret world of Hamad bin Jassim’s wealth

CAIRO – 22 September 2017:Qatari opposition exposed the secret world of the wealth of Hamad bin Jassim, the former prime minister of Qatar, in a report published on Friday via the Saudi-led daily newspaper Al-Riyadh.

The Qatari opposition, according to Al-Riyadh, said Hamad’s liquidity amounted to $12billion in 2013, in addition to him being a shareowner in Qatar Airways, Qatar International Bank, Four Seasons Hotel and West Bay.

The opposition also revealed that he was charged for $200 million for an uncompleted project of a bridge linking Qatar and Bahrain, along with a £500 million commission he acquired by facilitatingan arms transaction in 1996.He all received $400 million in the purchase of Harrods stores in London.

Hamad is currently accused of embezzling money amounting to $8 million,with 60% of the economy of the country being in the hands of Al Jazeera channel chairman.

Outside Qatar,he owns a British company in the Virgin Islands, three companies in the Bahamas, a $300 million yacht in the Spanish port of Palma de Mallorca, and Radisson Hotels and Hyatt Churchill in London.

Also, Hamad reportedly purchased four Panamanian companies to make it smoother for him to open bank accounts in Luxembourg and inked a $35 million deal to purchase Ellen Biddle Shipman Palace in New York. He also owns a $700 million balance in Deutsche Bank and a Picasso painting that’s worth $180 million.

Hamad is Qatar’s shadow ruler, who takes over the media and the information being disseminated through, Al-Riyadh reported.

The Court of Cassation referred the espionage case with Qatar to the public prosecutor to investigate the involvement of the former Qatari prime minister and the chairman of Al Jazeera after a verdict was reached in the case of former President Mohamed Morsi conspiring with Qatar, according to judiciary sources.

Hamad and the chairman of Al Jazeera are accused of conspiring with the Muslim Brotherhood in Egypt, disclosing the Egyptian military’s state secrets and leaking national security documents to Qatar with the intention of damaging Egypt's strategic, political, diplomatic and economic statuses.

The court has listened to the witnesses and discussed the lawsuit papers, concluding Hamad’s involvement in the case.