Deals raise oversight concerns at Abu Dhabi wealth fund - FT.com:
"The managing director of one of Abu Dhabi’s sovereign wealth funds used his private shell companies to secure deals with businesses closely connected to the fund, raising concerns about corporate governance.
Khadem al-Qubaisi, managing director of state-owned International Petroleum Investment Company, used a Luxembourg-based company to take out a lease in Spain’s tallest building, according to documents seen by the Financial Times.
The building, owned by Bankia, the Spanish bank, became the headquarters of Cepsa, a Spanish energy group and subsidiary of Ipic, in July 2014, nine months after Mr Qubaisi closed the deal on the lease."
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