Here is a developing list of famous figures who are either cited or who have associates cited in the ICIJ reports and other stories reported by the network of journalists involved in the project:
RUSSIAN PRESIDENT VLADIMIR PUTIN
Though his name does not appear on any of the records, Putin’s associates are cited frequently as having profited from or participating in a sprawling network of secretive financial dealings.
Among them, according to ICIJ, was world-class cellist Sergei Roldugin, a friend of Putin’s, who was reportedly listed as owner of offshore companies that received tens of millions of dollars in shadowy payments and secured control over a substantial part of Russia’s TV advertising business. ICIJ said “the evidence in the files suggests Roldugin is acting as a front man for a network of Putin loyalists — and perhaps for Putin himself.”
Other Putin associates cited included childhood friends and billionaire brothers Arkady and Boris Rotenberg, who collectively owned at least seven British Virgin Islands companies that invested in a pipeline construction company and acquired machinery to build a villa in Tuscany, Italy, for Arkady’s son, Igor, as well as other activities.
SYRIAN PRESIDENT BASHAR ASSAD
His two cousins, Rami and Hafez Makhlouf, who have been the target of international sanctions and are suspected of controlling key gateways to Syria’s oil and telecom business, held numerous offshore accounts through which they filtered investments such as telecommunications assets.
CHINESE PRESIDENT XI JINPING
Deng Jiagui, the brother-in-law of China’s current leader, became sole owner of British Virgin Islands companies called Best Effect Enterprises Ltd. and Wealth Ming International Limited in September 2009, according to ICIJ. Though ICIJ says it’s unclear what those companies were used for, Deng took possession of the companies while Xi was a member of the nine-person Politburo Standing Committee that rules China. Deng and his wife held hundreds of millions of dollars in assets, according to a 2012 Bloomberg report.
UKRAINIAN PRESIDENT PETRO POROSHENKO
While Russian troops invaded eastern Ukraine in August 2014, he is accused of having become the sole owner of a British Virgin Islands firm called Prime Asset Partners Limited, set up through Mossack Fonseca as a holding company with assets that include a European candy factory. Before taking office in 2014, Poroshenko’s assets included auto plants, a TV channel, a chocolate business and a shipyard.
SAUDI KING SALMAN BIN ABDULAZIZ BIN ABDULRAHMAN AL SAUD
He held what ICIJ described as an “unspecific role” in a Luxembourg company called Safason Corporation SPF S.A. that owned British Virgin Islands companies that took out $34 million in mortgages for luxury homes in London. He also was the primary user of a yacht named Erga that was held by a British Virgin Islands company.
ARGENTINE PRESIDENT MAURICIO MACRI
While mayor of Buenos Aires, Macri did not disclose his position as a director of Fleg Trading Ltd., which was incorporated in the Bahamas in 1998, according to ICIJ.
FORMER GEORGIA PRIME MINISTER BIDZINA IVANISHVILI
He owned a British Virgin Islands-based trust called Lynden Management Ltd. that was established by Credit Suisse and came under scrutiny for the murky source of its funds, according to ICIJ.
ICELAND PRIME MINISTER SIGMUNDUR DAVÍÓ GUNNLAUGHSSON
The former journalist and radio host and his wife, Anna Sigurlaug Pálsdóttir, held nearly $4 million in bonds in three Icelandic banks through Wintris Inc., a British Virgin Islands shell company, according to ICIJ. He failed to disclose his 50% stake in Wintris when he took office in 2009 and is said to have sold his share in the company to his wife for a $1 at the end of 2009, according to the report.
FORMER IRAQI INTERIM PRIME MINISTER AYAD ALLAWI
He controlled a Panama-registered company called I.M.F. Holdings and a British Virgin Islands company called Moonlight Estates Limited that each controlled real estate in England, according to ICIJ.
FORMER JORDANIAN PRIME MINISTER ALI ABU AL-RAGHEB
He was a director of multiple British Virgin Islands investment companies, held three companies in Seychelles and had family members serving as board directors of several British Virgin Island entities, according to ICIJ.
FORMER QATARI PRIME MINISTER HAMAD BIN JASSIM BIN JABER AL THANI
He held several investment companies based in Panama, including two he co-owned with then-Qatar Emir Hamad bin Khalifa, and previously held several companies in the Bahamas and British Virgin Islands, including one through which he managed a $300 million yacht named Al Mirqab.
UNITED KINGDOM PRIME MINISTER DAVID CAMERON
Cameron’s late father, Ian Cameron, avoided British taxes for 30 years on his investment fund, Blairmore Holdings Inc., according to the U.K. Guardian, part of the network of organizations that reported on the Panama Papers. Ian Cameron’s fund employed as many as 50 Caribbean experts annually to sort through red tape for Blairmore, which was based in the Bahamas but incorporated in Panama, the U.K.Guardian reported.
There was no particular allegation of wrongdoing against Blairmore, and David Cameron’s office said the prime minister has fought tax-avoidance schemes as a public policy.
SOCCER PLAYER LIONEL MESSI
The world-famous athlete and his father, Jorge Horacio, held an offshore company called Mega Star Enterprises that Mossack Fonseca registered in 2012, according to the U.K. Guardian.
Though offshore accounts are not illegal, the Guardian noted, Messi and his father have been accused by Spanish authorities of tax evasion for alleged involvement in shell companies based in Uruguay and Belize. They have denied those accusations, according to the Guardian. Messi, a native of Argentina, plays on Barcelona’s soccer team.
CHINESE “POWER QUEEN” LI XIAOLIN
Li Xiaolin, a daughter of Li Peng, the former Chinese premier, has served as vice president of the state-run China Power Investment Corporation, ICIJ reported. She has been called China’s “Power Queen,” according to the journalism group. ICIJ reported in 2014 that she was the director of two British Virgin Islands companies registered in 2005. She and her husband Liu Zhiyuan were the beneficial owners of “Fondation Silo,” a Lichtenstein foundation that was the sole shareholder of “Cofic Investments Ltd.,” a company incorporated in the British Virgin Islands when her father Li Peng was prime minister, ICIJ reported.
For the full list go to: Panama Papers
2 thoughts on “Who is on the Panama Papers List?”
Thanks for this blog post regarding the Panama Papers; I really enjoyed it and am definitely recommending this blog to my friends and family. I’m a 15 year old with a blog on finance and economics at shreysfinanceblog.com, and would really appreciate it if you could read and comment on some of my articles, and perhaps follow, reblog and share some of my posts on social media. Thanks again for this fantastic post.
Thank you as well Shrey.
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