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In reference to the recent news that a Qatari Investor will be purchasing a football club in the United Kingdom for a value that is estimated at £ 4.5 Billion, which equates to almost QAR 20 billion.
The Althani Council urge the State of Qatar’s authorities to immediately launch an investigation towards the source of such funds and how it has been amassed, as it is evident that such funds have been exploited from the State’s wealth and resources.
It necessitates that the Emir take proactive actions towards such issues in investigating how a former government employee has been able to amass such wealth and who permitted such kleptocratic act to take its toll to such level.
Furthermore, the council have requested through several correspondences to carry out similar investigation towards the amassed wealth of Sheikha Mozah Bint Nasser Al Missned, which is estimated to exceed QAR 90 billion in funds and assets owned by herself in Qatar and abroad.
Other individuals that require to be included in the investigative list is also Ali Bin Fetais Al Marri, Abdel Hadi Mana Al Hajri, Nasser Khelaifi who are collectively estimated to have amassed wealth beyond the QAR 100 billion threshold, which is also unexplainable and requires immediate attention.
The source of all these funds are clearly made through the State of Qatar, whether it be failed investments in the Qatar Stock exchange which has been sold to Qatari citizens, or properties that were purchased and rented out to the Government offices at obscene amounts or even fictitious organizations such as ROLACC, ACEAWARD, Education Above All, and many others, whereby these organizations have received huge funding from the State and which alternatively ended up in personal accounts.
The authorities of the State of Qatar should approach their neighboring countries’ authorities such as Saudi Arabia, and in specific the Crown Prince Mohammed Bin Salman Al Saud to take proactive advice and lessons on how he has managed to impose on all individuals who have taken advantage of the Kingdom to return the money they have displaced from Saudi, whereby he executed his plan in returning all these exploited funds back to the Kingdom, and the progress of Saudi has been evident since.
That is why Qatar’s authorities should consider wisely to enforce similar approach, to assure that all exploited funds are returned to the State and its rightful owner, which is the citizens of the State of Qatar, that should be carried out before the State authorities consider to even impose any VAT, Taxes, increase in fuel prices, increase in government fees, and any other process that will contribute to further inflation in the country.
The authorities of the State of Qatar should investigate and take action amongst them and not on the citizens of the State, expose the culprits that have exploited the state not impose interests on the citizens.
“In the State of Qatar, there is not one citizen that can afford to purchase anything for £4.5 Billion, which is almost QAR 20 billion to spend on leisure of buying a football club, when the deficit of our entire State budget is just as much, isn’t that a hypocrisy at its highest level?” the Althani Council wanted clarification.
Hence, the Emir should strongly consider to take the right and proactive actions as soon as possible, and seek the assistance of Saudi’s authorities to understand how they have been able to retrieve their Kingdom’s exploited wealth and how they have been able to restore their country to the level it is at now, which is further than what Qatar has achieved over the past decades.
