cover of episode King Abdullah’s secret splurges

King Abdullah’s secret splurges

2021/10/5
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Shownotes Transcript

While billions of dollars in American aid poured into Jordan over the past decade, a secret stream of money was flowing in the opposite direction as the country’s ruler, King Abdullah II, spent millions on extravagant homes in the United States.

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In the past decade, King Abdullah II of Jordan used an extensive network of offshore accounts to disguise multimillion-dollar purchases of lavish homes in the United States and Britain. Reporter Greg Miller on how the lavish purchases sit in stark contrast to Jordan’s recent economic and political struggles. )

These findings are revealed in a new investigation, the Pandora Papers, that exposes a hidden world that has allowed government leaders, a monarch, billionaires and criminals to shield their assets).

The Washington Post and the International Consortium of Investigative Journalists gained unprecedented insight into the money flowing into U.S. trusts through a trove of more than 11.9 million documents — among the largest of its kind — maintained by financial services providers around the world.