Crown Prince Salman owner of Rs1900 crore home in France; Effects clean image

Saudi Crown prince Mohammed Bin Salman who who ordered a crackdown on the corrupt politicians and businessmen in the Kingdom, was found to be the owner of a super luxurious home. The home costs around Rs 1900 crore and is located in France.

With this news the clean image of Bin Salman may get effected. The home, Chateau Louis XIV, is located in France, with a 57-acre sprawling campus was bought in 2015 after paying a sum of $300 million (Rs 1900 crore) but the identity of the buyer was kept secret. Still, the ownership of the much-coveted home is concealed through a slew of shell companies.

According to report, the ownership of the manorial home, situated in Louveciennes, France, near Versailles, is carefully shrouded by shell companies in France and Luxembourg. A paper trail along with interviews and conversations with brokers revealed the home is owned by Eight Investment Co., a Saudi firm managed by the head of Mohammed’s personal foundation.