In the 1990s and early 2000s, Appleby’s files list Prince Khaled as the beneficiary of the Acorn Trust and the Minstrel Trust. Between 1989 and 2014 Prince Khaled registered at least eight companies in Bermuda, some of which were used to own yachts and aircraft.
Bermuda-based Actaeon Shipping Ltd. owned and operated a “large pleasure yacht” while Euroyacht Ltd. had assets worth $51 million in 1992 and earned income from chartering the yacht Golden Odyssey.Euroyacht Ltd. once owned a Venetian Water Taxi named Serenella.
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