Offshore Leaks: New List With Names

Offshore Leaks: Today's release of names includes:


Name: Bidzina Ivanishvili

Offshore company: Bosherston Overseas Corp

Details: Ivanishvili, a billionaire businessman, became prime minister of Georgia in 2012. Listed from 2006-9 as director of the BVI company, administered via an agent in Panama, incorporated in 2006 and still active.

Comment: Spokesman says he has done everything according to law: "For the reporting period of 2011-12, Prime Minister Ivanishvili had no interest in the company … and therefore there was no obligation to report it in his [financial] declaration"


Name: Gaddam Vivekanand

Offshore company: Belrose Universal Ltd

Details: A ruling Congress party MP, Vivekanand is also vice-chairman of Visaka Industries, which produces about one quarter of India's asbestos supplies. He and his wife Saroja are listed as directors and shareholders of Belrose, which was incorporated in the BVI September 2008.

Comment: Vivekanand said: "I do not remember being involved with such a company and have no connection with it.''


Name: Stephen Riady

Offshore Companies: J&S Company, Eastlink Industrial Investments and others

Details: The Riady family, one of many wealthy Indonesian families and owners of the conglomerate Lippo Group, had at least 11 offshore entities. The agents, TrustNet refer to them as "Client A", noting "client does not want to be seen dealing offshore". Their agent, Gary Phair, instructed TrustNet staff to "delete any reference to 'C/- [care of] Lippo Group'"

Comment: A spokeswoman for Stephen Riady said there was "nothing illegal or improper in protecting the privacy of one's own information".


Name: Iran's shipping fleet

Offshore Company: Tamalaris Consolidated Ltd

Details: The company was set up in 2006 in the BVI via a Russian incorporation agency. An anonymous Panama entity, Palmarris Group SA, is listed as shareholder, while a Briton, 39-year-old "general builder" Neil Gaitely, from Abbey Wood, south London, whose name appears as a nominee on a variety of offshore and UK companies, is listed as a director. In 2011 it was publicly blacklisted by the US and UK governments as a front for the state-controlled Iranian shipping line, designed to dodge anti-nuclear proliferation sanctions.


Name: Nalinee "Joy" Taveesin

Offshore Company: Hall Kingston International

Details: Taveesin is currently Thailand's international trade representative, and previously a government minister and adviser to Thailand's commerce minister. The offshore company naming her and her brother Anuraj Mishra was set up 2008, according to TrustNet records. In the same year, the US treasury department blacklisted her and her assets as a "crony" of the Zimbabwean leader, Robert Mugabe, accusing her of "secretly supporting the kleptocratic practices of one of Africa's most corrupt regimes" through gem trafficking and other deals.

Comment: Taveesin's secretary said: "She [Taveesin] strongly affirmed that she had neither known nor heard about this so-called Hall Kingston. The information about her being [a company] shareholder is incorrect."


Name: Moonis Elahi

Offshore company: Olive Grove Assets Ltd

Details: Elahi is a politician from a prominent Punjab dynasty. He is the son of Pakistan's former deputy prime minister Chaudry Pervez Elahi, and runs a family textile business. The company was incorporated in the BVI 2006, and the address listed in BVI records is the Chaudry family residence in Lahore. Elahi was acquitted in a Pakistan court in 2011 of receiving payments in a corruption scandal.

Comment: Elahi said "I do not own" nor control the BVI company. He did not state whether he had previously owned the firm.