The Panama Papers thread

2010 MG article http://mg.co.za/article/2010-07-30-zuma-incs-drc-oil-coup-and-the-tokyo-factor

All indications are that the DRC will be worse off than it was with its previous contract with Divine Inspiration Group, while questions pile up about whose interests will benefit—local or foreign, political or commercial?

The ownership of the two companies is shrouded in mystery. Mossack Fonseca, a law firm with headquarters in Panama, registered both in the British Virgin Islands, a haven of corporate anonymity, and acts as their letterbox. Marc Bonnant, a Swiss advocate specialising in “business crime defence”, fronts as the two companies’ sole director.

Publicly, Khulubuse Zuma has been presented as the owner of both. Mpumelelo Tshume, chief executive of Khulubuse’s Impinda group, earlier told the Mail & Guardian that Caprikat and Foxwhelp were held by trusts—which he suggested were Khulubuse Zuma’s only—and would be “consolidated” into Impinda in time.

He suggested that Medea, a Luxembourg-based oil consultancy that has confirmed its involvement, was no more than a paid consultant.

But then Reuters reported that, while Khulubuse Zuma had signed with the DRC authorities on behalf of Caprikat, Michael Hulley, President Zuma’s lawyer, had signed on behalf of Foxwhelp.
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crackersa said:
Oh well, then let me grab some popcorn cause this is going to be like watching a one legged man in arse kicking contest :)
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I wasn't the one who was trying to troll while calling my time precious. :confused:

I mean, on some level life is nothing but a massive waste of time. So if one has to look at life that way, then the silver lining is wasting it well, no?

Doesn't mean I actually think I'm wasting my time... ;)
 
Xarog said:
I wasn't the one who was trying to troll while calling my time precious. :confused:

I mean, on some level life is nothing but a massive waste of time. So if one has to look at life that way, then the silver lining is wasting it well, no?

Doesn't mean I actually think I'm wasting my time... ;)
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I support you. Was talking about the other guy

But I like your analogy on life....
 
IAN CAMERON
Father of David Cameron

The father of Great Britain’s current Conservative Prime Minister died in 2010, having amassed a fortune in smart investments. According to the documents, “Cameron helped create and develop Blairmore Holdings Inc. in Panama in 1982 and was involved in the investment fund until his 2010 death.” Blairmore was valued at $20 million in 1998 and was promoted to investors in brochures as “not liable to taxation on its income or capital gains.” The promotional literature added that Cameron’s fund “will not be subject to United Kingdom corporation tax or income tax on its profits.”
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http://fusion.net/story/287227/famous-presidents-shell-companies-trove/

panama 3_0.jpgpanama 3_0.jpg
 
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Don't think anything will come of this aside from some minor political shifts. Realistically anyone not fast asleep knew these guys have offshore accounts...
 
HavocXphere said:
Don't think anything will come of this aside from some minor political shifts. Realistically anyone not fast asleep knew these guys have offshore accounts...
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So it's OK for the current Prime Minister of the UK's father to set up his fund so as not to pay Tax in the UK?

panama 3_0.jpg
 
Jacob Zuma's nephews name appears on the leaks

CfI4IX7WEAMhzNh.jpg
 
I find it interesting that authorities are using this sort of information in many countries to prosecute people ... but the same governments have issues with their dirty laundry being aired :whistle:
 
Though the president’s name does not appear in any of the records, the data reveals a pattern – his friends have earned millions from deals that seemingly could not have been secured without his patronage.

The documents suggest Putin’s family has benefited from this money – his friends’ fortunes appear his to spend.
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Grasping at straws - His name doesnt appear, and the documents "suggest" his family have benefited - really?

So some business somewhere that is owned by the family of the president has some money somewhere offshore :wtf:
 
This is just human nature. If we were all told by a highly reputable advisor that there was a way that we could dodge paying any income tax without getting caught, how many of us would go for it? Probably most of us.
 
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