UAE: Questions over Hamad Bin Khalifa's Venezuelan bonds

Issue 1120 - 18 Feb 2021

Sheikh Hamad Bin Khalifa Bin Mohammed Al-Nahyan’s bid to take a 50% stake in Israeli football club Beitar Jerusalem has been placed in doubt over the sources of the little known sheikh’s wealth. An audit by Tel Aviv-based Megiddo Financial Intelligence found that “more than 90%” of Sheikh Hamad’s assets were held in Venezuelan government bonds, Bloomberg reported on 10 February.

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