Tag Archive for Panama papers

Panama Papers reveal Abbas’ corruption turned son into ‘offshore’ millionaire

 

PA President Abbas’ multi-millionaire son Tareq Abbas, holds multiple positions in many West Bank ventures including food, medical equipment, public relations, vehicles, & shopping malls, all incorporated by offshore company.

By i24news

 

Leaked documents from Panama-based law firm Mossack Fonseca reveal Tareq Abbas, son of Palestinian Authority President Mahmoud Abbas, holds shares worth nearly $1 million in an offshore company with ties to the Palestinian Authority.

Tareq Abbas, son of Palestinian Authority President Mahmoud Abbas – Twitter

The documents, leaked as part of the massive ‘Panama Papers’ scandal, show that a company called the Arab Palestinian Investment Company (APIC) was registered in September 1994 in the British Virgin Islands. Continue Reading »