Showing posts with label Paradise Papers. Show all posts
Showing posts with label Paradise Papers. Show all posts
Paradise Papers Disclose Ties Between U.S. Commerce Secretary Wilbur Ross And Russian Companies
NBC: Paradise Papers: Leaks Show Wilbur Ross Hid Ties to Putin Cronies
Wilbur Ross, the commerce secretary in the Trump administration, shares business interests with Vladimir Putin’s immediate family, and he failed to clearly disclose those interests when he was being confirmed for his cabinet position.
Ross — a billionaire industrialist — retains an interest in a shipping company, Navigator Holdings, that was partially owned by his former investment company. One of Navigator’s most important business relationships is with a Russian energy firm controlled, in turn, by Putin’s son-in-law and other members of the Russian president’s inner circle.
Some of the details of Ross’s continuing financial holdings — much of which were not disclosed during his confirmation process — are revealed in a trove of more than 7 million internal documents of Appleby, a Bermuda-based law firm, that was leaked to the German newspaper Süddeutsche Zeitung. The documents consist of emails, presentations and other electronic data. These were then shared with the International Consortium of Investigative Journalists — a global network that won the Pulitzer Prize this year for its work on the Panama Papers — and its international media partners. NBC News was given access to some of the leaked documents, which the ICIJ calls the “Paradise Papers.”
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WNU Editor: He maintains an interest in Navigator Holdings (a global firm that specializes in liquefied gas) through four Cayman Island registered companies .... companies that he did tell the Senate committee during his confirmation process that he was going to retain ownership, as well as telling them that he was not going to be involved in its operations. Should he have been more forthright on his ownership of stock in Navigator Holdings through these holdings .... definitely .... but did he violate the law .... technically he did not. Should the U.S. Senate have been more forceful in their questioning on what did these holding companies actually own .... definitely ... but they did not. But the big problem is not Wilbur Ross being less than specific about his holdings .... the problem is that Navigator Holdings is doing business with a firm run by Russians that are under U.S. sanctions. And while Wilbur Ross is not an officer or Director of the company .... he does own shares .... and this puts him in a conflict of interest situation. As for the Putin connection and the Russian energy giant Sibur .... it is via through his son-in-law Kirill Shamalov, a person that this blog has pointed out before .... In Two Years Russian President Putin's Son-In-Law Became A Billionaire (December 31, 2015).
More News On The Paradise Papers Disclosing Ties Between U.S. Commerce Secretary Wilbur Ross And Russian Companies
Paradise Papers: Leaks Show Wilbur Ross Hid Ties to Putin Cronies -- NBC
Trump’s Commerce secretary did not disclose ties to Putin family: report -- The Hill
Commerce Secretary's Offshore Ties to Putin 'Cronies' -- New York Times
Commerce chief Ross kept holdings in Russian-tied firm: reports -- Reuters
Wilbur Ross Has Stake in Firm Tied to Putin Orbit: Report -- Bloomberg
Leaked documents link Trump’s Commerce Secretary to Putin cronies -- ABC News Online
The Paradise Papers: More Revelations On How The Global Elite Try To Avoid Paying Taxes
ICIJ: Offshore Trove Exposes Trump-Russia links and Piggy Banks of the Wealthiest 1 Percent
A new leak of confidential records reveals the financial hideaways of iconic brands and power brokers across the political spectrum.
A trove of 13.4 million records exposes ties between Russia and U.S. President Donald Trump’s billionaire commerce secretary, the secret dealings of the chief fundraiser for Canadian Prime Minister Justin Trudeau and the offshore interests of the queen of England and more than 120 politicians around the world.
The leaked documents, dubbed the Paradise Papers, show how deeply the offshore financial system is entangled with the overlapping worlds of political players, private wealth and corporate giants, including Apple, Nike, Uber and other global companies that avoid taxes through increasingly imaginative bookkeeping maneuvers.
One offshore web leads to Trump’s commerce secretary, private equity tycoon Wilbur Ross, who has a stake in a shipping company that has received more than $68 million in revenue since 2014 from a Russian energy company co-owned by the son-in-law of Russian President Vladimir Putin.
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The Paradise Papers: More Revelations On How The Global Elite Try To Avoid Paying Taxes
Reaction around the world to release of Paradise Papers – live -- The Guardian
Paradise Papers leak reveals secrets of the world elite's hidden wealth -- The Guardian
Millions of Leaked Files Shine Light on Where the Elite Hide Their Money -- New York Times
Paradise Papers: Tax haven secrets of ultra-rich exposed -- BBC
'Paradise papers' expose tax evasion schemes of the global elite -- DW
'Paradise Papers' massive 13.4million documents leak show Wilbur Ross concealed his close ties to Vladimir Putin's 'cronies' while Russia funded Facebook and Twitter investments through Jared Kushner associate -- Daily Mail
Paradise Papers Expose Rich And Famous Using Tax Havens -- Forbes
'Paradise Papers' reveal tax haven secrets of the rich -- Euronews
'Paradise Papers' documents touch Trump administration -- Politico
Leaks show US commerce chief, UK queen's offshore investments -- AFP
Report: Commerce head has stake in firm tied to Putin orbit -- AP
Leaked documents link Trump’s Commerce Secretary to Putin cronies -- ABC News Online
Russia funded Facebook and Twitter investments through Kushner associate -- The Guardian
Revealed: Queen's private estate invested millions of pounds offshore -- The Guardian
Queen's private estate sent millions of pounds to Bermuda and Cayman Islands tax haven and invested in BrightHouse hire-purchase retailer that is accused of exploiting the poor -- Daily Mail
Revealed: Justin Trudeau's close adviser helped move huge sums offshore -- The Guardian
Paradise Papers: Tax revelations hit Canada PM Justin Trudeau's fundraiser -- BBC
Leaked Paradise Papers reveal how Bono used Malta-based firm to buy a shopping centre in Lithuania -- Daily Mail
Bono used Malta-based firm to invest in Lithuanian shopping centre -- The Guardian
Revealed: How the Queen's millions are 'invested offshore' as tax havens 'used by Bono, Trump's cabinet and Tory donor Lord Ashcroft' are exposed in new Paradise Papers leak -- Daily Mail
Shocking moment billionaire Tory donor Lord Ashcroft avoid questions about offshore tax havens revealed in Paradise Papers leak - and eventually dodges into a TOILET -- Daily Mail
The Paradise Papers: Thousands of Israeli Businessmen and Firms Registered in Offshore Tax Havens -- Haaretz
PapersWhat is the leak and who is behind the firm Appleby? -- ABC Online
What are the Paradise Papers and what do they tell us? -- Nick Hopkins, The Guardian