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| Version 0 | Version 1 |
|---|---|
| Profiles of leading secret account holders | Profiles of leading secret account holders |
| (about 14 hours later) | |
| Mongolia | Mongolia |
| Name: Bayartsogt Sangajav Offshore company: Legend Plus Capital Limited | Name: Bayartsogt Sangajav Offshore company: Legend Plus Capital Limited |
| One of Mongolia's most senior politicians says he is considering resigning from office after being confronted with evidence of his offshore entity and secret Swiss bank account. | One of Mongolia's most senior politicians says he is considering resigning from office after being confronted with evidence of his offshore entity and secret Swiss bank account. |
| "I shouldn't have opened that account. I should have included the company in my declarations," Bayartsogt Sangajav told the International Consortium of Investigative Journalists (ICIJ). "I don't worry about my reputation. I worry about my family. I probably should consider resigning from my position." | "I shouldn't have opened that account. I should have included the company in my declarations," Bayartsogt Sangajav told the International Consortium of Investigative Journalists (ICIJ). "I don't worry about my reputation. I worry about my family. I probably should consider resigning from my position." |
| Bayartsogt, who says his account at one point contained more than $1 million, became his country's finance minister in September 2008, a position he held until a cabinet reshuffle in August 2012. He is now the deputy speaker of Parliament. | Bayartsogt, who says his account at one point contained more than $1 million, became his country's finance minister in September 2008, a position he held until a cabinet reshuffle in August 2012. He is now the deputy speaker of Parliament. |
| During those years he attended international meetings and served as governor of the Asian Development Bank and the European Bank of Reconstruction, pushing the case for his poor nation to receive foreign development assistance and investment. | During those years he attended international meetings and served as governor of the Asian Development Bank and the European Bank of Reconstruction, pushing the case for his poor nation to receive foreign development assistance and investment. |
| Canada | Canada |
| Name: Tony Merchant Offshore Company: Merchant (2000) US Inc Trust | Name: Tony Merchant Offshore Company: Merchant (2000) US Inc Trust |
| Colourful lawyer and former politician, married to Liberal party senator Pana Merchant. Known for challenges to the Canadian revenue agency over his tax payments . He has also been disciplined by the Law Society for "conduct unbecoming ." In 1998, launched Cook Islands trust with deposit of more than US$800,000 as settlor and initially as beneficiary. Sent fee payments in cash envelopes: the agents noted "All communications regarding this trust is to be kept to a minimum…Do not ever send faxes cos he will have a stroke about it" | Colourful lawyer and former politician, married to Liberal party senator Pana Merchant. Known for challenges to the Canadian revenue agency over his tax payments . He has also been disciplined by the Law Society for "conduct unbecoming ." In 1998, launched Cook Islands trust with deposit of more than US$800,000 as settlor and initially as beneficiary. Sent fee payments in cash envelopes: the agents noted "All communications regarding this trust is to be kept to a minimum…Do not ever send faxes cos he will have a stroke about it" |
| Comment: Declines to comment | Comment: Declines to comment |
| France | France |
| Name: Jean-Jacques Augier Offshore company: International Bookstores Ltd [IBL] | Name: Jean-Jacques Augier Offshore company: International Bookstores Ltd [IBL] |
| Publisher and Sinologist. Campaign treasurer of François Hollande for the 2012 presidential elections. They studied together at the prestigious National School of Management (ENA). Chief Executive of Eurane SA. Made large publishing investment in China 2005. Caymans-registered entity IBL, set up with 25% shareholding granted to BVI company Sinolinks Transworld Investment Consultancy, and 2.5% shareholding to a Hong Kong entity Capital Concord Developments Ltd. | Publisher and Sinologist. Campaign treasurer of François Hollande for the 2012 presidential elections. They studied together at the prestigious National School of Management (ENA). Chief Executive of Eurane SA. Made large publishing investment in China 2005. Caymans-registered entity IBL, set up with 25% shareholding granted to BVI company Sinolinks Transworld Investment Consultancy, and 2.5% shareholding to a Hong Kong entity Capital Concord Developments Ltd. |
| Comment: He says partner in the offshore firm was Xi Shu, a businessman and a member of the Chinese People's Political Consultative Conference, a political advisory body. | Comment: He says partner in the offshore firm was Xi Shu, a businessman and a member of the Chinese People's Political Consultative Conference, a political advisory body. |
| Russia | Russia |
| Name: Olga Shuvalova Offshore companies: Plato Management & other BVI companies owned by Severin Enterprises Inc | Name: Olga Shuvalova Offshore companies: Plato Management & other BVI companies owned by Severin Enterprises Inc |
| Wife of Igor Shuvalov, a businessman and politician close to Putin , first deputy prime minister since 2008. In 2007, she is recorded as owning Severin Enterprises , set up via Moscow agency Amond & Smith. The dealings of another of its subsidiaries, Bahamas-registered Sevenkey Ltd, were detailed in a 2011 investigative article in Barron's, which tied the company to her husband, who has denied wrongdoing. | Wife of Igor Shuvalov, a businessman and politician close to Putin , first deputy prime minister since 2008. In 2007, she is recorded as owning Severin Enterprises , set up via Moscow agency Amond & Smith. The dealings of another of its subsidiaries, Bahamas-registered Sevenkey Ltd, were detailed in a 2011 investigative article in Barron's, which tied the company to her husband, who has denied wrongdoing. |
| Comment: declines to comment | Comment: declines to comment |
| US | US |
| Name: Denise Rich Offshore company: The Dry Trust | Name: Denise Rich Offshore company: The Dry Trust |
| Among nearly 4,000 American names is Denise Rich, a songwriter whose ex-husband, the oil trader Marc Rich, was pardoned by President Clinton as he left office in 2001, over tax evasion and racketeering charges. A Congressional investigation found that Rich, who raised millions of dollars for Democratic politicians, helped promote the pardon. She had $144 million in April 2006 in the trust in the Cook Islands plus a yacht called the Lady Joy, where Rich often entertained celebrities and raised money for charity. | Among nearly 4,000 American names is Denise Rich, a songwriter whose ex-husband, the oil trader Marc Rich, was pardoned by President Clinton as he left office in 2001, over tax evasion and racketeering charges. A Congressional investigation found that Rich, who raised millions of dollars for Democratic politicians, helped promote the pardon. She had $144 million in April 2006 in the trust in the Cook Islands plus a yacht called the Lady Joy, where Rich often entertained celebrities and raised money for charity. |
| Comment: Rich, who gave up her U.S. citizenship in 2011 and now maintains citizenship in Austria, did not reply to questions about her offshore trust | Comment: Rich, who gave up her U.S. citizenship in 2011 and now maintains citizenship in Austria, did not reply to questions about her offshore trust |
| Azerbaijan | Azerbaijan |
| Name: President Ilham Aliyev and family Offshore Companies: Arbor Investments; LaBelleza Holdings; Harvard Management; Rosamund International | Name: President Ilham Aliyev and family Offshore Companies: Arbor Investments; LaBelleza Holdings; Harvard Management; Rosamund International |
| Three BVI entities set up in 2008 in the names of the president's daughters, Arzu and Leyla,. They list as a director wealthy local businessman, Hassan Gozal. His construction company has won major contracts in Azerbaijan. Another BVI entity set up in 2003, lists the president and his wife Mehriban as owners. | Three BVI entities set up in 2008 in the names of the president's daughters, Arzu and Leyla,. They list as a director wealthy local businessman, Hassan Gozal. His construction company has won major contracts in Azerbaijan. Another BVI entity set up in 2003, lists the president and his wife Mehriban as owners. |
| Comment: Those involved decline to comment | Comment: Those involved decline to comment |
| Spain | Spain |
Name: Baroness Carmen Thyssen-Bornemisza Offshore Companies: Sargasso Trustees Ltd (1996-2004) and Nautilus Ltd (1994), both registered in the Cook Is. Her son, Borja, also has some of the shares | Name: Baroness Carmen Thyssen-Bornemisza Offshore Companies: Sargasso Trustees Ltd (1996-2004) and Nautilus Ltd (1994), both registered in the Cook Is. Her son, Borja, also has some of the shares |
| Former beauty queen, Spanish-based art collector and widow of a billionaire Thyssen steel heir, she used the offshore vehicles to buy art, including Van Gogh's "Watermill at Gennep" from Sotheby and Christies in London. | Former beauty queen, Spanish-based art collector and widow of a billionaire Thyssen steel heir, she used the offshore vehicles to buy art, including Van Gogh's "Watermill at Gennep" from Sotheby and Christies in London. |
| Her lawyer acknowledged that she gains tax benefits by holding ownership of her art offshore, but stressed that she primarily seeks "maximum flexibility" to move art from country to country | Her lawyer acknowledged that she gains tax benefits by holding ownership of her art offshore, but stressed that she primarily seeks "maximum flexibility" to move art from country to country |
| Comment: Her lawyer acknowledged tax benefits from owning art offshore, but stressed that she primarily seeks "maximum flexibility" to move art from country to country | Comment: Her lawyer acknowledged tax benefits from owning art offshore, but stressed that she primarily seeks "maximum flexibility" to move art from country to country |
| Philippines | Philippines |
| Name: Maria Imelda Marcos Manotoc Offshore company: Sintra Trust [BVI] | Name: Maria Imelda Marcos Manotoc Offshore company: Sintra Trust [BVI] |
| Late president Marcos' eldest daughter, now a provincial governor, is listed in 2005 in the BVI as the "investment advisor" and beneficiary of the Sintra Trust, set up by her associate, businessman Mark Chua of Singapore. She does not mention the trust in her Philippines declarations of financial interests | Late president Marcos' eldest daughter, now a provincial governor, is listed in 2005 in the BVI as the "investment advisor" and beneficiary of the Sintra Trust, set up by her associate, businessman Mark Chua of Singapore. She does not mention the trust in her Philippines declarations of financial interests |
| Comment: She declined to answer a series of questions from local journalists about the trust | Comment: She declined to answer a series of questions from local journalists about the trust |
| • It is not suggested that any of those listed here have behaved unlawfully. Offshore entities can be held legitimately: the only aspect those listed below have in common is that they have used a jurisdiction which provides them with secrecy. This list is compiled from ICIJ data in the interests of accountability and transparency: any inaccuracies will be corrected promptly if brought to our attention. | • It is not suggested that any of those listed here have behaved unlawfully. Offshore entities can be held legitimately: the only aspect those listed below have in common is that they have used a jurisdiction which provides them with secrecy. This list is compiled from ICIJ data in the interests of accountability and transparency: any inaccuracies will be corrected promptly if brought to our attention. |
| • This article was amended on 4 April 2013 to remove a picture wrongly said to show Olga Shuvalova, the wife of Igor Shuvalov. The woman pictured was in fact an actor with the same name. | |
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