TV News LIES

Monday, May 04th

Last update03:07:30 AM GMT

You are here News Of Special Interest Identities of the rich who hide cash offshore

Identities of the rich who hide cash offshore

E-mail Print PDF

Offshore secretsMillions of internal records have leaked from Britain's offshore financial industry, exposing for the first time the identities of thousands of holders of anonymous wealth from around the world, from presidents to plutocrats, the daughter of a notorious dictator and a British millionaire accused of concealing assets from his ex-wife.

The leak of 2m emails and other documents, mainly from the offshore haven of the British Virgin Islands (BVI), has the potential to cause a seismic shock worldwide to the booming offshore trade, with a former chief economist at McKinsey estimating that wealthy individuals may have as much as $32tn (£21tn) stashed in overseas havens.

In France, Jean-Jacques Augier, President François Hollande's campaign co-treasurer and close friend, has been forced to publicly identify his Chinese business partner. It emerges as Hollande is mired in financial scandal because his former budget minister concealed a Swiss bank account for 20 years and repeatedly lied about it.

In Mongolia, the country's former finance minister and deputy speaker of its parliament says he may have to resign from politics as a result of this investigation.

More...


Most Recent Related Stories...


Yemen: Saudi Arabia used US-supplied cluster bombs, rights groups says

saudi jetsThe Saudi-led coalition carrying out air strikes in Yemen has used US-supplied cluster bombs banned by...

DOT issues final rules on flammable oil trains

oil train derailmentsThe Obama administration imposed tougher safety regulations Friday for trains carrying crude oil, responding to growing...

Suspect arrested in shooting of NYPD officer

NYPD officer shotThe man accused of shooting a New York City police officer in the head will be...

US aviation authority: Boeing 787 bug could cause 'loss of control'

Boeing 787 glitchThe US air safety authority has issued a warning and maintenance order over a software bug...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!