BD political leader, family on Paradise Papers
18 Nov 2017, 12:31 | updated: 18 Nov 2017, 12:40
The International Consortium of Investigative Journalists (ICIJ) on Friday published new data in the Offshore Leaks Database on close to 25,000 entities connected to the Paradise Papers investigation.
Names of a Bangladeshi businessman who is also a veteran leader of a political party, his wife and three sons surfaced in Paradise Papers as shareholders of NFM Energy Ltd — a gas drilling exploration company.
The businessman is Bangladesh Nationalist Party (BNP) Chairperson Khaleda Zia’s adviser Abdul Awal Mintoo.
The Paradise Papers reveals Abdul Awal Mintoo Awal, his wife Nasreen Fatema Awal, and three sons — Tabith Mohammed Awal, Tafsir Mohammed Awal and Tajwar Muhammed Awal — are shareholders and held top positions of NFM Energy Ltd registered in Bermuda since 1999.
The new Paradise Papers records came from the offshore law firm Appleby and cover a period of more than six decades through to 2014 of entities registered in more than 30 offshore jurisdictions. It includes information from shareholders, directors and other officers connected to offshore companies, foundations and trusts. It also reveals the names of the real owners behind those secret structures, when available, reports www.icij.org.
More than 70 per cent of the new records belong to entities incorporated in Bermuda and the Cayman Islands. Other jurisdictions that also include hundreds of new records are the Isle of Man, Jersey and Mauritius. Most of the online registries from these jurisdictions don’t provide ownership or shareholder information.
The Offshore Leaks Database also includes information from close to 500,000 additional offshore entities linked to ICIJ’s 2016 Panama Papers and Bahamas Leaks investigations and its 2013 Offshore Leaks investigation.
ICIJ is publishing the information in the public interest.
The data released on Friday came from the the Paradise Papers investigation, a global journalistic collaboration that exposed offshore deals of political players and corporate giants. The team of journalists explored a trove of 13.4 million records that come from two offshore firms and 19 secret jurisdictions.
The leaks were obtained by German newspaper Süddeutsche Zeitung and shared with ICIJ and a network of more than 380 journalists in 67 countries.
ICIJ is now making available only the structured portion of the Paradise Papers connected to the offshore law firm Appleby and some politicians featured in the Paradise Papers investigation. ICIJ is not publishing the totality of the leak and is not disclosing raw documents or personal information en masse.
The documents revealed offshore interests of the queen of England and more than 120 politicians around the world. It also exposed ties between Russia and U.S. President Donald Trump’s commerce secretary, the secret dealings of chief fundraiser for Canadian Prime Minister Justin Trudeau and tax engineering of more than 100 multinationals, including Apple, Nike and Uber.
The first data release came almost two weeks after the first series of Paradise Papers publications, which have already captured the attention of the world and produced reactions in several countries.