Wednesday, August 8, 2012

L’Oreal sells Seychelles island after years of tax evasion




France's richest woman is embroiled in a tax evasion scandal involving a luxurious island in the Seychelles.The case of the L'Oreal heiress Liliane Bettancourt has gripped the French media. Liza Belozeerova reports.

The smallest of the islands in the Seychelles has become the center of a large tax evasion scandal. Liliane Bettencourt the heiress to the L’Oreal Empire sold the D’Arros Island to a Swiss-based Sea Protection Charity, the Save Our Seas Foundation, for 42 pound millions more than she paid for it. Her family required the island in 1998 but never paid the tax on the purchase of 8 million dollars. The Seychelles Honorary Consul to London Bernard Silver explains the Seychelles government’s position:
"D’Arros is consisting really of two islands. It is now well protected as a conservation area. And the Swiss Foundation, Save our Seas Foundation, is well-known because they have sort of record of involvement in global environmental positions. They’re non-profit organization. And whilst until now anybody could visit those islands. It does now bring it under the government’s Conservation Reserve Act that will be protected as a major reserve. And the government of Seychelles is thrilled at the deal".
Two years ago it emerged that Bettencourt never declared the island to the French tax authorities. She has also admitted to evading tax on money held in foreign bank accounts. She came on a scrutiny when it was revealed that she allegedly gave two envelopes both containing 6,000 pounds in cash to finance former French President Nicola Sarkozy’s presidential campaign in 2007. In return she allegedly received tax breaks once Sarkozy came to power. But how has France received this story? Philip Turle is Radio France International editor-in-chief of the English Language service. He says that a deal is part of an attempt by the Bettencourt family to restore its reputation with the public and the French authorities.
"There’s been mixed reaction. One, I think, is - many people think that Liliane Bettencourt is already the richest woman in France and didn’t really need all this extra money in Euros. She sold the island for 60 million, she bought it only for 18 million. That makes a great profit in the last 14 years since she and her husband required this island. But there’re those who say that it’s not done by the Bettencourt family to show that they are willing to bring bring money back to France and to pay taxes on that money within France which is one of the big criticisms that they have come under in recent years".
Nicola Sarkozy is now under investigation for illegal financing of his 2007 presidential campaign. Last month his Paris house was raided while he was away on the family holiday in Canada. Since then he hasn’t made any public appearances. Will the news of Bettencourt profit force him out of silence? Phillip Turtle again:
"I don’t think so. I think he’s waiting now to be caught by judges to testify in court. His presidential immunity has been listed annulled at the 16th of June. He’s become a Frenchman like any other Frenchman and can be summoned to court like anybody else. I think he definitely will be summoned to court to give his version of the facts. But at the moment there’s no proof that he actually received this money. It’s just a witness account that had been denied by those in close contact with Liliane Bettencourt at the time. It’s up to the judges and up to investigators to prove that".
Mr. Sarkozy is also facing allegations that during his presidency he profited from illegal arms sells to Pakistan and to former Libyan dictator Muammar Gaddafi.

51 comments:

Anonymous said...

This case ,has revealed to us that in fact concession are paid by foreigners to PP and that till now Pp has never made that lublic nor accounted for thsoe money.us$10 million paid by Bettencuort recently is only for the period of 2008 to now.How many other multi-millions has Pp then stoeln for us all those decades?And where is the 10 million Pp?You banked it as part of our National reserve or it is already in Pp coffer somewhere?And not to forgwet Glenny who has been selling out our islands for decades without accountability.

We could also say,knowing PP thuggish mentality that all those islands,lands that we were told by PP to have been gifted for One ruppee to foreigners ,those ofreigners have in fact paid PP something for it.But since Pp has stolen all the millions ,it told us it was gifted for one rupee for hundreds years only.Or i could well be that those foreigners who benefit from Pp sell out.are still paying an annual amount into Pp coffers as agreement.We would probably know the real deal after Pp is toppled for then those ofreigners would speak out in order ot protect their assets.

Jeanne D'Arc

Anonymous said...

From $6 million, to $10 Million, now $66 Million paid for D'arros.

PL has been lying all along, another evasion.

Anonymous said...

One could also imagine how much millions Glenny Savy has embezzled in his scum deals of sell out our islands .One Coral island gifted to a South African for( seventy years long) for one devaluated rupee, to produce woods for South Afrcian market,Another ource of Fianacial leakage perpetrauted by foreigners with the help of PP thugs.Knowing now fragile coral islands are ,one could iamging the damage that would be done to the island by planting and cutting trees other and other again and surely Pp is pocketing money from this S African that do not enter our bank system or governemnt coffers but goes directly into Pp polite Buro accounts.

Note Pp has still not tell us how much it illegally without our consent sold out our oil and Gas rights.Awaiting for those monkeys to account for the money.

Jeanne D'Arc

Anonymous said...

Well Ramadoss is talking and writing about Glenny Savy everyday.

How log will it take for Mr. Savy to see that what he is doing is wrong?

How long will it take?

Anonymous said...

I think until the people yank Savy's arms and handcuff him and bring him to justice.And do finish with all those goons,first we need to get rid with Pp rogue system.

Jeanne D'Arc

Anonymous said...

D`aros sold to Michel's Arab friend Sheihk Moshen of Suadi Arabia also the illegal owner of ex-Plantation hotel.Toi fatisfy his Arab friend will,Pp has immedaitely declared the island A Natural reserve therefore automatically forbid Seychellois access to their public beaches for the fun of Michel's Arab friends.After revelation of Sex slavery perpetuated by Arabs At ex-plantation hotel. Pp and his arab friends have decided to go far away in hiding,away from public eyes, where they can continue with their sex slave business.

Anonymous said...

Don't worry Zandork
Ti Johnny-le-Gay will tell you all about his sexual escapades with the Arabs on D'Arros after they've en-fi-led him then you'll know it wasn't sexual slavery because you will see him grinning from ear to ear!
Non Ti Johnny?

Anonymous said...

Now we are talking about KREOL pass tense.

anfil, anfils, anfil'ing, and anfil'ed

Newest vocabulary.

Anonymous said...

Is it "anfil" or "enfil"? I can never seem get it right, it's the Francois in me...
All the same Ti Johnny-le-Gay will get well and truly shagged by the Arabs on D'Arross...
They will make Halal out of his lanis!

Anonymous said...

Yea, some kreol words are hard to write. Like toilet, some say W.C.,toilet or rest room. However in creole it written as "TOLET".REAL KREOL IT SHOULD WRITE LIKE "TWALET" OR "KABINEN' OR WHEN MOTHER NATURE CALLS, ONE WILL SAY "KOTE KOMEN I ETE" Which one is correct?

Anonymous said...

Twalet ek kabinen i korek.

Mwan imsye Gill m'wal dan twalet me Zanpol Izaak i al dan kabinen. Konmen se labous ti Johnny-le-Gay, person pa al ladan akoz i tro sal e i pi!

Christopher Gill

Leader

Seychelles Fabrike Parti

Anonymous said...

........err vodre i al dan LATRIN pou li al gat delo? ouswa deryer miraiy?

Anonymous said...

Lekel? Gill? I al deryer ti Johnny-le-Gay...dan sa kabinen pi pouri!

Mwan mon al deryer miraiy comme tous le gran noire!

Anonymous said...

C'est bien clair tous les grand noir comme vous sazwar le komen trou an ning'ning pour decharge especialmant quand tu est 85 an.

Anonymous said...

Oui je suis 85 ans et encore bien fort pou s'asseoir en ning ning pour decharge dans kabinen....errr latrin comme le copin des Totof Ssang Ssung en meme encore bien fort pou boure des jeune femme comme Ding Dong les champion de Ping Pong pour la Chine...

Abe alors...

Anonymous said...

KABINEN I EKRI KOMELA!

CHIMP :) :) ;)

Anonymous said...

Et toi chimp tu vas ramaser un peu caca-sec pour mamener pour le bon docteur DE pour verifier sil-ni-a-pas le vert-de-ter.

Pour mon veille cousin, si tu entande la cloche qui sonn a'minuit, et fait "A-DING-DING", C'est pas Maryline. Peut etre Jeanne D'arc.

N'est grate pas ton tet sauve!!

Anonymous said...

MON NAPA OKENN LINTANSYON PRAN OU JOB. AN PLIS KI SA, MON NAPA EXPERYANS DAN SA DOMENN. OU WAR! OU POSISYON PA TI ZANMEN AN DANZE. NAPA PERSONN KI MON KONNEN KI KAPAB FER SA TRAVAY PAREY OU. OU EN VRE HERO!

CHIMP :) :) :)

Anonymous said...

Oui viex cousin quand la cloche minuit sonn je sais que c'est Jeanne D'Arc et non pas Maryline parce-que c'est le cloche dans le cartier de Johnny-le-Gay qui fait DING DONG!

Anonymous said...

It might be for Michel has no balls.

Anonymous said...

NDEA praised itself for its success without that our people can real confirm its achievement.But that not my point.NDEA via its foreign chief Scully said that it now has police officers stationed at our Habour and Airport something encouraging and should have been done a long time ago.Howeve,.it is not enough to have dogs and police officers at Habours and Airport,they must alos be trained of how to conduct searches on ships,learn about the different possible hide aways in a ship etc...

Morevoer,it is not by waitng for cargo ships to unloaded thier caroges at the port or Airport that would allow them to apprenhend more drug traffickers and drugs but by going on board on those ships for searches.
Furthermore,according to a Praslinois who used to be involved in drug trafficking Told me that,most drugs entering the country come via cargo ships from Africa and most of the time drugs are thrown at sea by the durg dealer contact person on those cargo ships which are then collected by local importers with speed boats at high sea.Thus both transporters and dealers have phone contact and knows exactly when a cargo would be in our water and where thus dealers sail to a given position where by the drugs at unloaded and collected by dealers.

NDEA would have to control those briefcases of diplomats,foreign business persons who just landed with private jets without custom clearance or control.

Jeanne D'Arc

Anonymous said...

THEY SAY THAT SOME OF OUR 'FISHERMEN' THAT WERE CAUGHT BY THE SOMALIS PIRATES WERE DRUG LORDS PICKING UP THEIR CARGO IN THE MIDDLE OF THE OCEAN.

THE SEYCHELLES TAX AUTHORITY IS GUILTY FOR ALLOWING THE NOUVEAU RICHE WHO HAS NO LEGITIMATE MEANS OF GENERATING FUNDS TO CONTINUE TO ACCUMULATION DRUG MONEY WITHOUT ANY INVESTIGATION.

MICROBIOME :) :) :)

Anonymous said...

Pp has no choice but to support and protect its sponsors:the guy arrested in kenya call himself a businessman for under PP thugocracy drug trafficking has become a legal business.All you have to do is pay your contribution to the Polite buro then you will be prtoected and avoid investigation and arrest.

Jeanne D'Arc


Jeanne D'Arc

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