Leaked: Saudi King financed Netanyahu’s 2015 election bid

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A member of Israel’s Knesset (parliament) has revealed that Saudi King Salman bin Abdulaziz Al Saud helped finance the election campaign of Israeli Prime Minister Benjamin Netanyahu in 2015.

Citing a massive leak of confidential documents dubbed the “Panama Papers,” Isaac Herzog, who is the chairman of the Israeli Labor party said, “In March 2015, King Salman has deposited eighty million dollars to support Netanyahu’s campaign via a Syrian-Spanish person named Mohamed Eyad Kayali.”

Panama Papers, which detail the offshore wealth of politicians and public figures across the globe, exposed more than 11.5 million financial and legal records earlier in April.

“The money was deposited to a company’s account in British Virgin Islands owned by Teddy Sagi, an Israeli billionaire and businessman, who has allocated the money to fund the campaign [of] Israeli Prime Minister Benjamin Netanyahu,” the Israeli lawmaker said.

In the recent past, Netanyahu has on several occasions talked of a budding relationship between Israel and Arab countries.

In March, Netanyahu said Israe’s relations with regional Arab countries are “dramatically warming” in what analysts said was an acknowledgement of behind-the-scenes ties. Read Full


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