Palaces Abroad

Why do our leaders buy properties, palaces and penthouses abroad especially in and around London’s posh areas at enormous prices? They could always rent something similar for their sojourn when needed at less than the monthly interest that would accrue to them by keeping such money instead in a bank. Apart from the initial purchase cost the regular maintenance and running expenses of such palatial houses must also be substantial.  Why spend such huge amounts unless  they want to have an assured haven to fall back upon in the event they have to flee the country, in which case it is certainly the most prudent investment on their part?!

Col. Riaz Jafri (Retd)