JOHN KEY SHOULD BE INVESTIGATED OVER THE PANAMA PAPERS

Circumstantial connections between John Key, the Panama Papers, the ANZ (which he now chairs) and the murder of Daphne Caruana Galiziain Malta.


There are still questions as to why Key vacated his position as PM so abruptly and moved into relative obscurity.

This combination of sources comes from activist Penny Bright on Facebook.

 JOHN KEY SHOULD BE INVESTIGATED OVER THE PANAMA PAPERS."

Via Facebook

"On 1 August 2017, at a meeting attended by 200 people at Rutherford House, Victoria University, Wellington New Zealand, the (former) Chair of Transparency International, Jose Ugaz stated that JOHN KEY SHOULD BE INVESTIGATED OVER THE PANAMA PAPERS."

NZ WHISTLE-BLOWER ALERT!

25 October 2017

Can the International Consortium of Investigative Journalists (ICIJ) please carry out an urgent investigation of former NZ Prime Minister John Key and the Panama Papers?

BACKGROUND:

It was murdered Maltese investigative journalist Daphne Caruana Galizia who exposed, via the Panama Papers how NZ foreign trusts were used as money-laundering vehicles by Maltese Politically Exposed Persons.
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Malta scandal exposes New Zealand trusts again

Neil Chenoweth and Susan Edmunds

April 28 2017

http://i.stuff.co.nz/…/malta-scandal-exposes-new-zealand-tr…

"A Malta magistrate is investigating explosive claims of money laundering and corruption that have put New Zealand in the middle of a global cash trail from the family of Azerbaijan president Ilham Aliyev.

President Aliyev's daughter, Leyla Aliyeva, is alleged to have channelled more than NZ$1.6 million to senior figures of the Malta government, including Prime Minister Joseph Muscat's wife.

These include alleged payments to Panama companies owned by New Zealand trusts set up by the Malta Energy Minister Karl Mizzi and Muscat's chief of staff, Keith Schembri.

On April 20, Maltese blogger Daphne Caruana-Galizia reported that she held copies of documents originally stored in a kitchen at Pilatus Bank, which showed that Egrant Inc, a mystery Panama Papers company identified by the Financial Review last year, was secretly owned by the Maltese Prime Minister's wife, Michelle Muscat.

In March 2016, a Dubai company controlled by Leyla Aliyeva had transferred US$1.017 million (NZ$1.47 million) marked as a loan into Egrant's account at Pilatus Bank, Caruana-Galizia reported.

Joseph Muscat denied the claims, calling it the "biggest political lie in Malta's history".

Caruana-Galizia reported that other payments were made from Leyla Aliyeva's company to Pilatus accounts held by Egrant as well as Tillgate Inc and Hearnville Inc, two Panama companies that are owned by Schembri and Mizzi, through New Zealand trusts.

Schembri and Mizzi vehemently deny Caruana-Galizia's reports. Mizzi has produced audited accounts for his New Zealand trust which shows it as dormant with no assets or income.
.....

The latest revelations, if substantiated, are an embarrassment for the New Zealand government, which announced an inquiry into its offshore trust laws on April 11 last year, the day after the Financial Review revealed details of how Panama law firm Mossack Fonseca's Malta agent, BT Nexia, began setting up Tillson, Hearnville and Egrant five days after Muscat's election victory in 2013.

Mossack Fonseca's files were obtained by the International Consortium of Investigative Journalists and German newspaper Süddeutsche Zeitung.

New Zealand subsequently amended its offshore trusts regime, requiring foreign trusts to file annual accounts with the New Zealand tax office, but with no further restrictions.

At that time, it appeared the Malta trusts had never been used, after Mizzi and Schembri's Panama companies were turned down by eight banks who refused to open accounts for them because they were Politically Exposed Persons (PEPs).

The Panama Papers, however, show repeated cases of overseas investors filing false or implausible sets of accounts with New Zealand lawyers, who have limited means to verify the figures.

SIGNIFICANT ROLE

The latest wave of allegations in Malta underline how easily the New Zealand disclosure laws can be avoided, which the new laws do not change.

If the reports are substantiated, they raise a far more serious picture of money-laundering from one of the most corrupt countries in the world, in which New Zealand's foreign trusts played a significant role.

The saga began in February 2016 when Caruana-Galizia revealed that Schembri and Mizzi had set up two Panama companies, Tillgate Inc and Hearnville Inc, owned by the Haast Trust and Rotorua Trust in New Zealand.

In April 2016, the Financial Review published new details of Schembri and Mizzi's New Zealand trusts and their attempts to open a bank account in Dubai.
...."
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Two days after Daphne Caruana Galizia was murdered by this car bomb, it was announced that former NZ Prime Minister John Key would become Chair of the Board of the ANZ bank.

Sir John Key joins ANZ bank as chairman

http://www.nzherald.co.nz/business/news/article.cfm…

"Sir John Key has been named chairman of ANZ Bank's local arm.
Key joins the board of the country's biggest bank from today and will assume chair at the start of next year."

The ANZ bank was the Australian bank mentioned more times than any other bank in the Panama Papers.

ANZ leading Australian bank in the Panama Papers:

http://www.fijileaks.com/…/the-panama-papers-anz-bank-was-t…

(4/4/2016)

"By Neil Chenoweth

Financial Review

The Mossack Fonseca files show the critical importance that banks hold in the offshore world – and ANZ is the most visible of the Australian banks in the offshore space.

ANZ appears in 7548 of the Mossack documents, reflecting the bank's extensive work in New Zealand, the Cook Islands, Samoa and Jersey.
..."

On 1 August 2017, at a meeting attended by 200 people at Rutherford House, Victoria University, Wellington New Zealand, the (former) Chair of Transparency International, Jose Ugaz stated that John Key should be investigated over the Panama Papers.

I attended this meeting and heard Jose Ugaz say this myself, as did the other 200 people in the room.

There appears to have been NO NZ mainstream media coverage of this story.

The Panama Papers: ANZ Bank was the leading Australian bank in the  world of offshore accounts; Samoan diplomat was used to help  create shell companies - Samoa’s high commission in Australia couriered papers 4/4/2016 7 Comments As we trawl through the Panama Papers for Fijians, it has emerged that ANZ Bank was the leading Australian bank in the world of offshore accounts By Neil Chenoweth Financial Review The Mossack Fonseca files show the critical importance that banks hold in the   offshore world – and ANZ is the most visible of the Australian banks in the offshore space. ANZ appears in 7548 of the Mossack documents, reflecting the bank's  extensive work in New Zealand, the Cook Islands, Samoa and Jersey.  By comparison, Westpac appears in 995 documents, National Australian Bank 261 documents and Commonwealth Bank just 164 documents. Most of  these are references to clients' bank accounts or reference letters written for  their clients when they buy a Mossack shelf company. ANZ's figures are boosted by the Jersey operations of its Grindlays  Bank subsidiary in the 1990s. ANZ sold Grindlays in 2000. More recently, ANZ had three times as many references in Mossack Fonseca documents in  2015 as Westpac. The ANZ remains the dominant force in banking in the Pacific. In Samoa, the ANZ's influence is such that in 2008 when the country's Registrar of  International and Foreign Companies, Erna Va'ai, and a director of  Samoa International Finance Authority visited Mossack Fonseca's  offices to promote business, they were accompanied by the head of ANZ  Bank (Samoa), Peter Johnson. The apparent closeness raises questions as to whether the bank was also  advising the Samoan government on Australia's tax information  exchange agreement (TIEA) proposal. Banks are the key to the offshore world because an offshore company is  useless until it has a bank account, and under the draconian "know your  customer" laws a bank can only open an account if it knows who the name  of the company's real owner. "It is very difficult to open a corporate account," a Mossach Fonseca  executive complained in an April 2013 report. "Unlike before, loads of [Due Diligence] needs to be proceeded before and  uring the account opening. However, Raymond has recommended a new  bank named ANZ BANK. It is an Australian bank but the service is as  good as other commercial bank. This is a really good tip." Three months later the Mossack executive reported meeting an ANZ  officer in Hong Kong who said "she would love to assist me to go through with some cases". An ANZ spokesman told The Australian Financial Review: " We reject the suggestion that ANZ has a 'dominant position' in servicing clients in tax havens or that ANZ is more willing to service such clients." ANZ conducted extensive ongoing due diligence procedures. "Customer risk of tax crimes is one of many factors ANZ takes into account  when assessing customer risk of money laundering," he said " We note that the 2013 comment you refer to states that ANZ's 'KYC  procedure is very strict'." The ICIJ's 2012 Offshore Leaks database previously showed several  Australian banking employees held investments in Cook Islands and Hong  Kong companies, raising the vexed issue of how much banks should know  about their employees' personal finances. Sydney lawyer Debra Lighezzolo told the Financial Review she had not  informed the National Australia Bank when she used her NAB email  account in December 2007 to order a Seychelles company, Lynus  Development Limited from Mossack Fonseca, "to hold investments in private and public companies". Lynus would be owned by Fencourt Foundation in Panama,  which Ms Lighezzolo would control. The Mossack Fonseca files show she supplied documentation including a  copy of her passport and a recommendation from a St George Bank manager, who said Ms Lighezzolo had held her existing account with St George for 20 years. Ms Lighezzolo's London lawyer, Paul Puxon told Mossack Fonseca at the  time: "It is only for the holding of shares in a listed company – the shares will  not be issued for some time, but I need to give the lawyers involved  in the readmission of the shares to the AIM market details of the company number and copies of its incorporation documents". There is no indication in the Mossack files whether the proposed  investment proceeded. However, it raises the thorny question of how much  banks should know about what their staff do in their private investments. In a statement for Lighezzolo, Mr Puxon told the AFR that her 2007 decision  to set up the structure "was not connected in any way with her work for the  bank". Ms Lighezzolo, whose email sign-off described her as Principal  Counsel for nabCapital, "does not know what the bank's policy was as  regards executives holding shares. Our client was not an executive of the  bank," Mr Puxon said. Ms Lighezzolo had joined NAB under a short-term contract in September 2007 after a year at Commonwealth Bank and five years at  Westpac.   While some US banks for governance reasons restrict senior staff from  holding accounts with other banks, Mr Puxon said the NAB's only requirement was that Ms Lighezzolo should have a NAB account to process her salary. "As far as our client is aware there were no other restrictions to prevent her  from having accounts with other banks." He said the Seychelles/Panama Foundation structure "was not and has not  been used by our client". A NAB spokeswoman said the bank was legally barred from discussing  personal finances of former employees but said NAB had "a strict code of  conduct that all employees must adhere to as part of their employment,  which specifies that commercial and personal interests must never interfere with the ability to make sound, objective business decisions – and that employees  must help safeguard market integrity." "NAB requires all employees to disclose where there is any potential conflict of  interest." Insisting that employees only held bank accounts at NAB would be an invasion of  privacy, she said.  Read more:  http://www.afr.com/business/banking-and-finance/financial-services/the-panama-papers-anz-was-the-leading-australian-bank-in-mossacks-universe-20160403-gnx40c#ixzz44sCzv6Sq An officer at Samoa’s high commission in Australia routinely assisted Mossack  Fonseca in creating shell companies, files from the firm reveal. One of those shell companies later faced sanctions for supplying goods to the Syrian government and military...Read more below http://www.theguardian.com/news/2016/apr/04/samoan-diplomat-was-used-to-help-mossack-fonseca-create-shell-companies From film stars Amitabh Bachchan and Aishwarya Rai Bachchan to corporates including DLF owner K P Singh and nine members of his family, and the promoters of Apollo Tyres and Indiabulls to Gautam Adani’s elder brother Vinod Adani. http://indianexpress.com/article/india/india-news-india/panama-papers-list-amitabh-bachchan-kp-singh-aishwarya-rai-iqbal-mirchi-adani-brother/ http://www.dailymail.co.uk/news/article-3522429/Moment-Icelandic-Prime-Minister-storms-interview-asked-hiding-millions-bank-bonds-secretive-Panama-firm-country-s-financial-collapsed.html Putin and the 'Dirty Dozen': 11million leaked documents reveal how TWELVE world leaders - plus Russian leader's inner circle, British politicians and Lords - hide their millions in tax havens MORE TO FOLLOW ON THE PANAMA PAPERS The Fijian Dictatorship of Bainimarama-Khaiyum had a simple solution when presented with the overseas bank details of their former Interim Finance Minister Mahendra Pal Chaudhry - the Fiji Sun's then former editor and publisher Russell Hunter was abducted, detained, tortured  and deported out of Fiji in 2008 Chinese President Xi Jinping's family used offshore tax havens to conceal their fortunes according to Panama Papers leak; Some of China's top communist elites are implicated in the Panama Papers; At least eight, including the president's family, used offshore tax havens; Chinese President Xi Jinping's brother-in-law is among those identified; He is among 140 political figures around the  world to be named in the leak