by The International Consortium of Investigative Journalists
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Former prime minister of Jordan

Ali Abu al-Ragheb

Al-Ragheb was director of offshore companies in British Virgin Islands, owned others in Seychelles

Related to  Jordan
Data from: Panama Papers
The career arc of Jordan’s Ali Abu al-Ragheb, a U.S.-educated engineer, took him from the business world, where he was an engineering company executive for almost 20 years, to the public arena of Parliament and cabinet ministries overseeing industry, trade, energy and mineral resources. He developed plans for King Abdullah II’s proposed special economic zone around the port of Aqaba, work that helped make him the king’s favorite for prime minister in 2000. Though al-Ragheb focused on boosting the economy and attracting foreign investment, his tenure was marred by a crackdown on civil liberties amid rising anger over the U.S. invasion of neighboring Iraq and lagging political reforms. He resigned in 2003 and joined the boards of Jordan’s leading finance and insurance companies.

In the data

In July 2003, just months before he resigned as prime minister, Ali Abu al-Ragheb and his wife Yusra became directors of the British Virgin Islands company Jaar Investment Ltd., which held an account with Arab Bank in Geneva, Switzerland. The company was inactivated in August 2008. Earlier in 2008 they became directors of Jay Investment Holdings Ltd also based in the British Virgin Islands. In neither case were the companies' activities identified. Until December 2014 al-Ragheb also owned three Seychelles companies. His children were involved as directors in several additional BVI companies, including Desertstar Investment Capital Ltd., which also held an account at Arab Bank in Geneva that was used to invest in Jordan.

Response

Al-Ragheb did not respond to repeated requests for comment.
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