Former Qatari ruler's firm targeted by French 'money laundering' investigation


The Paris public prosecutor’s office has opened an investigation into a suspected money laundering operation involving Qatari Sheik Hamad bin Khalifa al-Thani’s French investment arm, French Properties Management (FPM), Mediapart can reveal. The probe, prompted by information from a whistleblowing former employee of FPM, is the latest to target the activities of the Paris-based firm, which is also cited in two other separate judicial investigations in France for “misuse of company assets” and “corruption and influence peddling”. Yann Philippin reports.

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The French-based firm that manages the financial affairs of Qatari Sheik Hamad bin Khalifa al-Thani, Qatar’s former ruler and the father of its current Emir, is under investigation by the Paris public prosecutor’s office for suspected money laundering in relation to tax evasion, according to documents obtained by Mediapart and French weekly news magazine Marianne.