French regulators seize 1MDB-linked properties

FMT Reporters –
December 30, 2018

PETALING JAYA: French regulators have seized several properties belonging to former Aabar Investments PJS chairman Khadem Al Qubaisi in its probe into 1MDB, the Sarawak Report (SR) wrote.

Citing numerous other reports, it said these include a country house worth 11 million euros (over RM52 million) located near the Cape of Saint-Tropez; a luxury villa in Ramatuelle estimated at 7.9 million euros; a 4.4 million euros apartment in Avenue Montaigne, Paris; and another unit near the Champ de Mars, said to cost 4.6 million euros.

“The luxurious Cote d’Azure around Saint Tropez and the swankier arrondissement of Paris were the Abu Dhabi fund manager’s second home and playground (respectively) away from the more restrictive atmosphere back home, it would appear,” the whistleblowing site reported, referring to Khadem who was also the managing director of International Petroleum Investment Co (IPIC) – Abu Dhabi’s sovereign wealth fund.

Citing Le Monde, a French daily, SR …


1 reply

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.