Friday, November 29, 2013

What minister pierre laporte and Mnister Jean-Paul Adam is not telling us

How the nominee trick works

Three pieces of paper allow companies' real owners to hide behind 'nominee' directors.
Nominee directors are not actually illegal, and can sometimes be useful, for example in preparing “off-the-shelf” ready-made companies. But the legal conjuring trick behind the BVI nominee system opens the way to abuses. It depends on three pieces of paper.

1. A promise by a nominee director only to do what the real owner tells them.

A characteristic “nominee director declaration,” used in 2010 by the Vanuatu-based Taylor organization, reads like this:
I, Ian Taylor, Director BRAD LAND LIMITED, having agreed to the appointment as Director of a company duly incorporated under the laws of the British Virgin Islands. . . . hereby declare that I shall only act upon instruction from the beneficial owners.

2. Under a “general power of attorney” the nominee secretly hands back all control to that real owner.

This typically allows them:
To transact, manage and do all and every business matter. . . . To open any bank account and to operate the same. . . . To enter into all contracts. . . . To collect debts, rents and other money due. . . .
That example, signed by a Nevis-resident nominee director in 2005, gives back control of a BVI offshore company, Kordwell Holdings, to its secret Russian owner, 36-year-old Vladimir Bugrov in Moscow.
Offshoring agencies assure their customers that the truth about such arrangements will never get out. One typical agency, Fletcher Kennedy of Haslemere in Surrey, explicitly advertises: “Both the power of attorney and nominee director agreement are confidential documents designed to ensure our clients’ privacy.”
The more brazen nominees favor residence in self-ruling havens such as Vanuatu or Nevis because they aim to be beyond the reach of the developed world’s tax and legal authorities. But they avoid the BVI itself. Because the BVI recognizes British law, local residents could in theory be vulnerable to claims of legal liability from creditors and others.
One offshoring agency owner told Russians, his biggest customers according to our sources, that the only people prepared to provide such secret general powers of attorney were those Britons who had emigrated from Sark to more far-flung jurisdictions across the globe.

3. The third commonly-used document is a signed, but undated director’s resignation letter.

This supposedly enables a nominee to duck liability in the event of any trouble.
Ted Cocks and Joseph Sparks, for example, who share a flat in London’s east end, say this was the only one of the three documents they ever signed, as nominee directors of more than 200 Russian companies, and that they were never involved with the more exotic nominee practices.
David Leigh is a member of ICIJ. This story was also published in The Guardian.
"If Seychelles is none compliant than this is because we are on the verge of being blacklisted. All the charades of world bank, W.T.O, IMF and more will or may be lead to the drains........

This is the truth".

Note that EOCD i quote stated: " The ratings exercise, which will provide overall ratings for around 50 jurisdictions (see last page of this document), is well underway and these ratings are on schedule to be published before the end of 2013. Each jurisdiction will be assigned with a rating of “compliant”, “largely compliant”, “partially compliant” or “non-complaint” both for the individual elements of the Global Forum’s Terms of Reference and for overall compliance with the standard."

Yours sincerly La Liberte.


Anonymous said...

the brewsters, stella port louis, the bijoux, vandagne and more they are patcy for the real owners.

It took me a day to see this but siba years.

Some of these persons are hair dresser the others either fisherman, or security officers. They are paid monthly a small cash to sign documents for the real owners.

There should not only be a law to prevent this but a law to fine and prosecute those who join these ponzy schemes.

Anonymous said...

minister Laport will be replace by minister Lavenet.

oakleyses said...

jordan pas cher, chanel handbags, nike outlet, michael kors pas cher, kate spade outlet, replica watches, longchamp pas cher, nike free, jordan shoes, christian louboutin shoes, nike free run, louis vuitton outlet, oakley sunglasses, ray ban sunglasses, polo ralph lauren, ugg boots, christian louboutin uk, air max, louis vuitton outlet, ugg boots, tiffany jewelry, polo ralph lauren outlet online, burberry pas cher, prada outlet, nike air max, gucci handbags, sac longchamp pas cher, ray ban sunglasses, louboutin pas cher, louis vuitton, uggs on sale, tiffany and co, oakley sunglasses, louis vuitton outlet, ray ban sunglasses, longchamp outlet, louis vuitton, longchamp outlet, replica watches, nike roshe, polo outlet, oakley sunglasses, cheap oakley sunglasses, oakley sunglasses wholesale, christian louboutin, christian louboutin outlet, tory burch outlet

oakleyses said...

lululemon canada, nike air max, burberry outlet, oakley pas cher, burberry handbags, coach outlet store online, kate spade, michael kors outlet, michael kors, nike air force, true religion jeans, true religion outlet, michael kors, polo lacoste, nike tn, new balance, abercrombie and fitch uk, michael kors outlet, uggs outlet, michael kors outlet, ralph lauren uk, michael kors outlet online, replica handbags, coach outlet, true religion outlet, coach purses, nike free uk, sac vanessa bruno, mulberry uk, michael kors outlet online, michael kors outlet online, michael kors outlet online, north face, uggs outlet, converse pas cher, hogan outlet, nike air max uk, hollister pas cher, sac hermes, nike roshe run uk, hollister uk, nike air max uk, true religion outlet, timberland pas cher, vans pas cher, ray ban pas cher, guess pas cher, ray ban uk

oakleyses said...

ipad cases, beats by dre, iphone 6 cases, ferragamo shoes, wedding dresses, hollister clothing, p90x workout, instyler, asics running shoes, nike huaraches, hermes belt, north face outlet, s6 case, babyliss, nfl jerseys, hollister, iphone 6 plus cases, insanity workout, ralph lauren, iphone cases, iphone 6s plus cases, bottega veneta, new balance shoes, longchamp uk, iphone 6s cases, giuseppe zanotti outlet, nike roshe run, mont blanc pens, herve leger, oakley, lululemon, timberland boots, nike air max, iphone 5s cases, ghd hair, valentino shoes, louboutin, nike trainers uk, celine handbags, north face outlet, baseball bats, vans outlet, abercrombie and fitch, chi flat iron, soccer jerseys, mac cosmetics, mcm handbags, soccer shoes, jimmy choo outlet, reebok outlet

oakleyses said...

supra shoes, marc jacobs, canada goose, converse outlet, toms shoes, ugg uk, ugg pas cher, canada goose outlet, canada goose, nike air max, louis vuitton, karen millen uk, doudoune moncler, converse, louis vuitton, vans, gucci, montre pas cher, moncler outlet, canada goose uk, canada goose outlet, moncler, pandora jewelry, barbour uk, moncler outlet, juicy couture outlet, louis vuitton, canada goose, pandora uk, coach outlet, swarovski crystal, ugg,uggs,uggs canada, juicy couture outlet, links of london, louis vuitton, louis vuitton, hollister, swarovski, canada goose outlet, ray ban, moncler, ugg, barbour, ugg,ugg australia,ugg italia, replica watches, pandora charms, moncler uk, pandora jewelry, wedding dresses, canada goose jackets, hollister, lancel