More Dutch Connections Found in Panama Papers Investigation

No Comment 20 Views

Even more Dutch are connected to the scandal than was previously known, according to a new investigation of the Papers done by Financieele Dagblad. According to FD, Dutch trust office Haags Juristen College (HJC) created over 200 partnerships for Dutch in Panama and Seychelles with constructions to hide assets.

These partnerships were set up between 2001 and 2008. FD had a closer look at HJC’s role in the Panama Papers because the trust office’s former directors appeared in court for the first time on Tuesday. They are facing charges of directing a criminal organization and illegal trust activities.

The Panama Papers refers to thousands of pages of documents leaked from Panamanian legal consultancy Mossack Fonseca early last year. During their first investigation of the Papers, FD and Trouw revealed that Mossack Fonseca set up more than 500 offshore companies, foundations and trusts with Dutch shareholders or directors. The 200 partnerships FD now discovered does not have Dutch shareholders or directors, but do have a Dutch person in control via a proxy. This means that the Dutch person is in fact the owner of the partnership, while not being registered anywhere as such, according to FD.

Read the original article here:

Get headlines, breaking news, and jobs announcements delivered to your inbox. Sign up for our daily newsletter.

Share This Page
Industry Webinars
FEATURED Solutions
Learn About RDC