Many African officials, relatives of presidents and VIPs, or business people feature on the shame list of a tax evasion syndicate contained...
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Many African officials, relatives of presidents and VIPs, or business people feature on the shame list of a tax evasion syndicate contained in series of leaked confidential documents from one of the world’s most secretive companies, Panamanian law firm Mossack Fonseca.
The massive documents, now referred to as the Panama Papers, were passed to German newspaper Suddeutsche Zeitung, which then shared them with the International Consortium of Investigative Journalists (ICIJ).
Jaynet Désirée Kabila Kyungu is the twin sister of Joseph Kabila, the president of the Democratic Republic of the Congo.
Kojo Annan, son of former United Nations secretary generalThe Swiss company Cotecna hired Kojo Annan in 1995 for work in Nigeria. By early 1998, he had quit to become a consultant to Cotecna. Months later, the United Nations awarded the firm a contract as part of Oil-for-Food humanitarian programme in Iraq, prompting allegations of impropriety.
Amongst these records were global figures such as footballer Lionel Messi, actor Jackie Chan and those named reached the highest political tiers such as Russian president Vladamir Putin and British politicians Lord Ashcroft, Baroness Pamela Sharples and former Tory MP Michael Mates.
Clive Khulubuse Zuma, nephew of South African president
Clive Khulubuse Zuma is a nephew of South Africa’s president Jacob Zuma. A mining magnate, Khulubuse Zuma reportedly has a lavish lifestyle. In June 2015, a South African court found Zuma liable as chairman in the collapse of a gold mining company that led to more than 5,000 job losses.
Inside the Mossack Fonseca data: Offshore firm was accused of questionable oil field deals. Zuma was authorised to represent Caprikat Limited, one of two offshore companies that controversially acquired oil fields in the Democratic Republic of Congo.
Inside the Mossack Fonseca data: Offshore firm was accused of questionable oil field deals. Zuma was authorised to represent Caprikat Limited, one of two offshore companies that controversially acquired oil fields in the Democratic Republic of Congo.
In late summer 2010, as published reports raised questions about the acquisition, British Virgin Islands authorities ordered Mossack Fonseca to provide background information on Zuma, which the law firm had not previously obtained. That same year, Mossack Fonseca decided to end its relationship with the companies.
Zuma and representatives of the companies have rejected allegations of wrongdoing and claimed the oil deals are “quite attractive” to the DRC government.
Jaynet Désirée Kabila Kyungu, DR Congo member of parliament
Jaynet Désirée Kabila Kyungu, DR Congo member of parliament
Jaynet Désirée Kabila Kyungu is the twin sister of Joseph Kabila, the president of the Democratic Republic of the Congo.
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| Jacob Zuma's Nephew is Under the Spotlight |
Famed for secrecy and meticulousness, she was elected to parliament in November 2011 and took office in February 2012. Kabila is the president of the Laurent Desire Kabila Foundation, named after her father, and owner of Digital Congo, a television, Internet and radio conglomerate.
In 2015, Jeune Afrique reported that Kabila had become “the most influential person in the president’s entourage.” Inside the Mossack Fonseca data: Offshore company has holding in Congo’s wireless communications business.
Keratsu Holding Limited was incorporated in Niue on June 19, 2001, a few months after Kabila’s brother became president of the Democratic Republic of the Congo.
Keratsu Holding Limited was incorporated in Niue on June 19, 2001, a few months after Kabila’s brother became president of the Democratic Republic of the Congo.
Jaynet Désirée Kabila Kyungu appeared as co-director with Congolese businessman Kalume Nyembwe Feruzi. The DRC company Keratsu Holding Ltd has owned stakes in one of the DRC’s major mobile phone operators.
James Ibori, Former Governor of Delta State
James Ibori, governor of Nigeria’s oil-rich Delta State from 1999 to 2007, pleaded guilty in a London court in 2012 to conspiracy to defraud and money laundering offences.
Ibori admitted using his position as governor to corruptly obtain and divert up to $75 million out of Nigeria through a network of offshore companies, although authorities alleged that the total amount he embezzled may have exceeded $250 million. Ibori received a 13-year prison sentence.
Inside the Mossack Fonseca data: Offshore company figured in fraud and money laundering investigation. Mossack Fonseca was the registered agent of four offshore companies connected to James Ibori, including Julex Foundation, of which Ibori and family members were beneficiaries. Julex was the shareholder of Stanhope Investments, a company incorporated in Niue in 2003.
Inside the Mossack Fonseca data: Offshore company figured in fraud and money laundering investigation. Mossack Fonseca was the registered agent of four offshore companies connected to James Ibori, including Julex Foundation, of which Ibori and family members were beneficiaries. Julex was the shareholder of Stanhope Investments, a company incorporated in Niue in 2003.
Ibori was also connected to Financial Advisory Group Ltd. and Hunglevest Corporation, although Mossack Fonseca’s files do not specify the exact nature of his connection. In 2008, Mossack Fonseca received a request from the Seychelles government to produce documents as part of a probe by the Crown Prosecution Service, England’s principal prosecuting authority, of Ibori and alleged criminal activities.
Kojo Annan, son of former United Nations secretary generalThe Swiss company Cotecna hired Kojo Annan in 1995 for work in Nigeria. By early 1998, he had quit to become a consultant to Cotecna. Months later, the United Nations awarded the firm a contract as part of Oil-for-Food humanitarian programme in Iraq, prompting allegations of impropriety.
An independent panel investigated the program, including Kojo Annan, and issued a report in 2005 that found no evidence that he tried to influence or to use family connections to benefit from the program. Inside the Mossack Fonseca data: Offshore used to buy $500,000 London apartment
Kojo Annan was sole director of the Samoan company Sapphire Holding Ltd, originally incorporated in Niue in 2003, which he had used to buy an apartment in central London. The apartment was purchased in a transaction completed in 2003 for more than $500,000, according to UK records.
A lawyer for Annan responded that his companies “operate in accordance with the laws and regulations of the relevant jurisdictions and, insofar tax liabilities arise, they pay taxes in the jurisdictions in which taxes are due to be paid.
Kojo Annan was sole director of the Samoan company Sapphire Holding Ltd, originally incorporated in Niue in 2003, which he had used to buy an apartment in central London. The apartment was purchased in a transaction completed in 2003 for more than $500,000, according to UK records.
A lawyer for Annan responded that his companies “operate in accordance with the laws and regulations of the relevant jurisdictions and, insofar tax liabilities arise, they pay taxes in the jurisdictions in which taxes are due to be paid.
In other words, any entity and account held by Mr. Annan has been opened solely for normal, legal purposes of managing family and business matters and has been fully disclosed in accordance with applicable laws.”
He also noted that an investigation found no evidence that Annan tried to influence anyone in the UN to award contracts to any company with which he was associated. - Online Sources
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