Paradise Papers links Saudi Ambassador to purchase of world's most expensive chateau
Eight Investment Company fully controlled by Saudi Crown Prince
Chateau Louis XIV; purchased by the Saudi's for a price of US$ 300 million
New York Times has linked Saudi Ambassador to the Maldives, Badr Al-Kahail to the purchase of Chateau Louis XIV.
The Chateau, sold ion 2015 for a cool price of US$ 300 million, was described by the Times as a ‘bauble’ for the Saudi Prince. The revelations were made in the recently revealed ‘Paradise Papers’.
The paper reported that the company that purchased that the 57-acre Chateau was Eight Investment, which is owned by members of the Saudi Royal Family, with wealth derived from King and Saudi state.
New York Times said that Bader Al Asaker, head of crown prince Mohamed bin Salman’s personal foundation, Hazim Mustafa Zagzoog, the head of private affairs for King Salman and Ambassador Al-Kahail were the three main shareholders of the company. The paper added that this was merely a shell company, used to conduct secret dealings of the Crown Prince.
