Le Monde | • Updated | By
This is a former head of the International monetary Fund (IMF), lucid as to abuse international finance, testifying Wednesday in June 2013 on the padded benches of the Senate. Heard by the commission of inquiry into the role of banks and financial players in tax evasion, Dominique Strauss-Kahn did not mince words against the “unjust consequences” of tax havens, which “deprived of tax revenue states” , and against the “financial instruments based on opacity” . “It is this opacity-there, reinforced by offshore jurisdictions, which is very destabilizing” says senators former economy minister.
the” Panama papers’ three-point
- Le Monde and 108 other newsrooms in 76 countries, coordinated by the International Consortium of investigative journalists (ICIJ), had access to a wealth of new information that cast a harsh light on the opaque world of offshore finance and tax havens.
- 11.5 million files from the archives of the Panamanian firm Mossack Fonseca, specialist domiciliation of offshore companies between 1977 and 2015. It’s the biggest leak of information never exploited by the media.
- “Panama papers” show that overseas thousands of anonymous numerous heads of state, billionaires, big names in sports, celebrities or personalities within the scope of international sanctions have used offshore arrangements to conceal their assets.
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yet this is the same Dominique Strauss-Kahn will take six months later the reins Leyne, Strauss-Kahn & amp!; Partners (LSK), a Luxembourg investment fund established by his partner Thierry Leyne. A fund whose “Panama papers” revealed by several media including Le Monde show that has helped clients to open offshore companies in tax havens.
bank accounts and safe deposit boxes
rich french individuals of Asian audiovisual producers, a major Parisian design group that develops in Asia: these are some of the beneficiaries of these 31 offshore companies established and operated by a subsidiary of LSK called ASSYA Asset Management Luxembourg (AAML). These structures, registered in the Seychelles, the British Virgin Islands, Panama and Hong Kong, are all included in the internal data of debit Panamanian firm Mossack Fonseca, which the media partners of the operation “Panama papers” had access.
most used to open bank accounts domiciled in Switzerland, Luxembourg, Panama or Hong Kong – a montage often used to conceal the identity of beneficiaries of funds. Correspondence with Mossack Fonseca also evoke the wish of a client AAML to relocate its French society in Malta for not having to pay VAT, it is known if the project was finally completed.
the duo-Zuili amount to maneuver
the offshore activity ASSYA Asset Management Luxembourg does not date from the arrival of Dominique Strauss-Kahn for president LSK the group in October 2013.
It dates back to the period when AAML was still called MZ Finance, named after its French founders Jean-Christophe and Fabien Zuili amount. As of 2007, there are both associated with the maneuver to register offshore companies from Mossack Fonseca, sometimes to open a bank account, sometimes to a safe in Switzerland. An activity that will continue over the changes in the structure: in 2010, when MZ Finance merges with Assya financial company headed by Thierry Leyne; in 2012, when ASSYA becomes Anatevka; and finally in October 2013, when Anatevka becomes LSK and Dominique Strauss-Kahn takes the reins for “will develop an international investment bank activity” .
30 September 2014, barely a week before the suicide Thierry Leyne precipitates the fall of LSK, Fabien Zuili still discussing in Mossack Fonseca Luxembourg offices of the price of nominee services that the firm could offer him for his companies Hongkong.
If Mr. Zuili, who did not respond to requests from the World , was officially registered with Mossack Fonseca on behalf of its own structure (FZ FZ then Finance services), there is little doubt qu’AAML subsidiary LSK, was directly involved in the offshore business.
Strauss-Kahn was “not aware”
It is in fact found in electronic trading Mossack Fonseca with the names of several employees AAML, including his boss, Jean-Christophe amount, and his number two, Alain Gaignage. But above all, AMML appears in the register of Mossack Fonseca as shareholder in five companies from Seychelles in June 2014 – not for its own account, but to hide the identity of the actual beneficiaries, who all held a bank account Luxembourg. Contacted, none of these has French beneficiaries to comment on these fixtures. As for the former employees of ASSYA / LSK involved in these activities, they all refuse to reconsider what falls to them the “past” .
As in the case of LSK capital increases, which led to the opening of a judicial inquiry on March 24 the entourage of Dominique Strauss-Kahn argues that “it was not involved in the daily management of funds, and even less in the asset management activities “. “He was not aware of the LSK offshore domicile of activity and does not know Fabien Zuili” , know-it’s World . In the same way that the LSK capital increases were made in the back of Dominique Strauss-Kahn with label