Apex parasites The Crown & Rothschild have been implicated in incriminating documents ‘leaked’ from Panama based law firm Mossack Fonseca . The ‘leaks’ have provided an unprecedented insight into the use of offshore financial centres by the corrupt cabals that form the nucleus of ruling powers throughout the world .
Mossack Fonseca specializes in setting up front companies in tax havens . The two men who founded the firm are prominent figures in Panamanian society and politics . One of the founders is Jürgen Mossack , the son of a German emigre , who’s father served in Hitler’s Waffen-SS during World War II .The documents include emails, bank records and client information dating back decades .
The documents were passed to Süddeutsche Zeitung , a German newspaper, and shared with the ICIJ . The International Consortium of Investigative Journalists is , to quote from the ICIJ website , ‘a global network of more than 190 investigative journalists in more than 65 countries who collaborate on in-depth investigative stories.’
It should come as no surprise that three of the biggest client bases listed in the documents are sited in the Channel Islands of Jersey & Guernsey along with the Isle of Man . All three are Crown dependencies , independent from the UK .
Coutts also known as the Queen’s bank , with a customer base that includes Royalty & high ranking members of the British establishment , set up almost 500 offshore companies through its Jersey offshoot . Coutts was already under investigation by German authorities for helping clients avoid tax . The Rothschild Trust based in Guernsey was also cited . Both were in top ten of tax-evading investment companies .
London based bank UBS set up more than 1300 offshore companies &
Credit Suisse Channel Islands was ranked third with over 900 listings.
Mossack Fonseca occupy an office in the Jersey capital St. Helier .
Tail wags the dog
Details of offshore dealings by the late father of British Prime Minister David Cameron were also included in the leaks . Cameron’s government has overseen swingeing cutbacks primarily directed at the working class & underprivileged , whilst at the same time protecting his own corrupt paymasters . Cameron supposedly pushed for tax-haven reform in 2013 declaring we should ‘get our own houses in order and join the fight against tax evasion and offshore secrecy’ .
A global web of greed
Files also revealed the offshore holdings of 140 politicians and public officials from around the world . These include close friends of Russian PM Vladimir Putin , Argentine President Mauricio Macri , ex prime ministers of Iraq , Jordan , Ukraine & of course the Royal’s best friend , head-chopper & terror financier the King of Saudi Arabia .
Also included are close associates or family members of politicians in Ghana , Malaysia , Pakistan , Egypt and many more countries across the globe .
Another high profile figure is Sigmundur Davíð Gunnlaugsson the prime minister of Iceland . Gunnlaugsson helped lead a campaign against bank bailouts after the Icelandic financial crisis in 2008 .
Oh yes , I nearly forgot , four of the sixteen F.I.F.A officials indicted in the United States used offshore companies created by Mossack Fonseca .
Basically a who’s who of criminality , greed , corruption & deceit .
London is due to hold an anti-corruption summit London in May 2016 , I am sure Cameron & Co will be there in force spouting the usual sound-bites & derisory drivel . Of course we can expect more sordid revelations before then as the papers are fully dissected & inspected . Should be interesting .
Links on tax crackdown :
- David Cameron pledges crackdown on offshore tax havens
- Fresh crackdown promised on tax havens
- Tax avoidance soars to £35billion under David Cameron
Links to the Panama Papers :
The Crown :