Saturday, April 9, 2016

Straw Men put in 4,000 controls every – OBI Online

The three sit well, on paper, with great power over the company that brought Islands Prime Minister Sigmundur David Gunnlaugsson, writes Aftenposten.

In Panamanian company register are the three people, two women and a man, listed as directors of some 4,000 companies each. The number of directorships involving the eleven board meetings every day for each of them, if each company only held one meeting a year.

Among many duties, they sit as directors of wealthy Norwegian DNB Customer companies in Seychelles , the newspaper said.

the three named individuals rents signature and his name to shell companies in tax havens, the newspaper said. They decide formally in the company by sitting on the boards. Through pre-completed form signing, however, they away its power to its true owner, whose name does not appear in any public records.

DNB does not wish to comment on straw men role. The bank has renounced all his previous contact with Mossack Fonseca. Law firm writes in his reply to ICIJ that this “legal services that allow a professional company acting on behalf of a company owned by a third party.”

The information about the three appears to internal documents from the Panama-based law firm Mossack Fonseca, who the German newspaper Süddeutsche Zeitung has accessed. The documents have been shared with the Foundation The International Consortium of Investigative Journalists (ICIJ), Aftenposten and over 100 media organizations. (© NTB)

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