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Offshore Leaks Database

Data from
Panama Papers - The Power Players
Saudi crown prince

Mohammad bin Naif bin Abdulaziz Al-Saud

UBS bankers used offshore companies to open bank accounts for Saudi crown prince

Related to

Saudi Arabia

About

Mohammad bin Naif bin Abdulaziz Al-Saud, Saudi Arabia’s interior minister and counterterrorism chief, is next in line to the throne after King Salman elevated him twice in the line of succession in 2015. Known as smart and pragmatic, the crown prince has focused mainly on threats from the Islamic State group and Al Qaeda in the Arabian Peninsula and has survived several assassination attempts, including one by an Al Qaeda suicide bomber in the Arabian Peninsula in 2009. He is seen as a strong United States ally, though his support for civil reforms and human rights has been called into question. He has drawn angry rebukes for his handling of the investigation into the deaths of thousands of pilgrims in the Haj in Mecca last September.

In the data

On Oct. 1, 2007, the Paris branch of Swiss bank UBS bought the Panamanian companies Alyneth Limited and Havelock Capital Corporation from Mossack Fonseca. Two days later UBS said that opening a bank account for Havelock Capital Corporation was "extremely urgent". The same day, Al-Saud was granted a power of attorney for both companies and their bank accounts at UBS. In March 2014 Al-Saud closed Havelock's bank account, and the company was inactivated in April 2014.

Response

Al Saud did not respond to a request for comment sent through the Saudi Ministry of Interior.
This visualization contains relevant information in relation to the profiled individual. Some additional connections might show up once we release the full structured data connected to the Paradise Papers investigation in the coming weeks.

Disclaimer

There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.

There are legitimate uses for offshore companies and trusts. Read more

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There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.