LONDON/PANAMA CITY: Governments across the world began investigating possible financial wrongdoing by the rich and powerful on Monday following a leak of documents from a Panamanian law firm, which allegedly showed how clients avoided tax or laundered money.
The documents detailed schemes involving an array of figures from friends of Russian President Vladimir Putin to relatives of the prime ministers of Britain, Iceland and Pakistan and as well as the president of Ukraine, journalists who received them said.
While the “Panama Papers” detail complex financial arrangements benefitting the world’s elite, they do not necessarily mean the schemes were all illegal.
The Kremlin said the documents contained “nothing concrete and nothing new” while a spokesman for British Prime Minister David Cameron said his late father’s reported links to an offshore company were a “private matter.”
Iceland’s Prime Minister Sigmundur Gunnlaugsson could not immediately be reached for comment on the naming of his wife in connection with a secretive company in an offshore haven, which brought opposition calls for him to resign.
Ukrainian President Petro Poroshenko has not commented on his reported offshore links.
Opponents said Poroshenko should be impeached for allegedly transfering his confectionary business to an offshore company in 2014, amid fierce fighting between Ukraine and pro-Russian separatists. A senior official from the General Prosecutor’s office said there was no evidence he had committed a crime.
Australia, New Zealand, India, France and Austria were among countries, which said they had begun investigating the allegations, based on more than 11.5 million documents from law firm Mossack Fonseca, located in the tax haven of Panama. Banks as well as individual clients came under the spotlight.
The documents were leaked to the International Consortium of Investigative Journalists (ICIJ) and more than 100 other news organizations. Mossack Fonseca has denied any wrongdoing.
The material covers a period over almost 40 years, from 1977 until last December, and allegedly show that some companies domiciled in tax havens were being used for suspected money laundering, arms and drug deals, and tax evasion.
Britain’s Guardian newspaper said the documents showed a network of secret offshore deals and loans worth $2 billion led to close friends of Putin, including concert cellist Sergie Rolddugin. Reuters could not confirm those details.
Putin’s spokesman dismissed the reports, saying they aimed to discredit him ahead of upcoming elections.
“This Putinophobia abroad has reached such a point that it is in fact taboo to say something good about Russia, or about any actions by Russia or any Russian achievements. But it’s a must to say bad things, a lot of bad things, and when there’s nothing to say, it must be concocted. This is evident to us.”
The publications contained “nothing concrete and nothing new” about Putin, Kremlin spokesman Dmitry Peskov said.
The British government asked for a copy of the leaked data, which could be embarrassing for Prime Minister Cameron, who has spoken out against tax evasion and tax avoidance.
His late father, Ian Cameron, is mentioned in the files, alongside some members of his Conservative Party in the upper house of parliament, former Conservative lawmakers and party donors, British media said.
Jennie Granger, director general of enforcement and compliance at HM Revenue and Customs, said the government had a great deal of information from a wide range of sources.
“We will closely examine this data and will act on it swiftly and appropriately,” she said.Cameron’s spokeswoman declined to comment on whether the leader’s family had money invested in offshore funds set up by his father, saying it was a “private matter.”
Tax authorities in Australia and New Zealand said they were probing local clients of Mossack Fonseca.
The head of Mossack Fonseca, Ramon Fonseca, has denied any wrongdoing but said his firm had suffered a successful but “limited” hack on its database. He described the hack and leak as “an international campaign against privacy.”
Fonseca, who was up until March a senior government official in Panama, said that the firm, which specializes in setting up offshore companies, has formed more than 240,000 such companies, the “vast majority” used for “legitimate purposes.”
World figures deny wrongdoing as ‘Panama Papers’ turn spotlight on tax
World figures deny wrongdoing as ‘Panama Papers’ turn spotlight on tax
Ireland votes in closely fought general
DUBLIN: Voting got under way in Ireland Friday in a general election with the two center-right coalition partners neck-and-neck with opposition party Sinn Fein, following a campaign marked by rancour over housing and cost-of-living crises.
Polls opened at 0700 GMT and will close at 2200 GMT as voters choose new members of the 174-seat lower chamber of parliament, the Dail.
Final opinion polling put the three main parties — center-right Fine Gael and Fianna Fail, and the leftist-nationalist Sinn Fein — each on around 20 percent.
Counting is not due to start until Saturday morning, with partial results expected throughout the day. A final result, however, may not be clear for days as EU member Ireland’s proportional representation system sees votes of eliminated candidates redistributed during multiple rounds of counting.
Prime Minister Simon Harris was among the first to vote, in his constituency of Delgany, south of Dublin. The Fine Gael leader, who became Ireland’s youngest-ever taoiseach (prime minister) when he took over in April, held a solid lead entering the campaign.
But the party lost ground, in particular after Harris was seen in a viral clip appearing rude and dismissive to a care worker on the campaign trail.
“I’ve enjoyed putting forward my policy vision as a new leader, as a new Taoiseach,” Harris, 38, told reporters after voting.
“Now I’m looking forward to the people having their say.”
Some in his constituency did not share his optimism. IT worker Kevin Barry, 41, said he was unsure about voting “as all the options seem so terrible.”
He cited the housing crisis, in which a shortage is driving up rents. While leaning toward the governing coalition, Barry told AFP: “I am not really happy with them as they are responsible for the mess that we are in, particularly with regard to housing.”
For Peta Scott, 54, a health care worker and mother of four, housing woes meant it was “a challenge” for her children to stay in Ireland.
At the last general election in 2020, Sinn Fein — the former political wing of the paramilitary Irish Republican Army — won the popular vote but could not find willing coalition partners.
That led to weeks of horsetrading, ending up with Fine Gael, which has been in power since 2011, agreeing a deal with Fianna Fail, led by the experienced Micheal Martin, 64.
The role of prime minister rotated between the two party leaders. The smaller Green Party made up the governing coalition.
Harris has had to defend the government’s patchy record on tackling a worsening housing crisis and fend off accusations of profligate public spending.
A giveaway budget last month was also aimed at appeasing voters fretting about sky-high housing and childcare costs.
Both center-right parties stress their pro-business credentials and say returning them to power would ensure stability, particularly with turmoil abroad and the risk of external shocks.
Ireland’s economy depends on foreign direct investment and lavish corporate tax returns from mainly US tech and pharma giants.
But threats from incoming US president Donald Trump to slap tariffs on imports and repatriate corporate tax of US firms from countries such as Ireland have caused concern for economic stability.
Mary Lou McDonald’s Sinn Fein has seen a dip in support because of its progressive stance on social issues and migration policy, as immigration became a key election issue.
But it has rallied on the back of a campaign heavily focused on housing policy and claims it is the only alternative to the Fine Gael and Fianna Fail, who have swapped power since Irish independence from Britain in 1921.
After voting in her central Dublin constituency, McDonald called Friday “a historic day where we can elect a new government for change.”
Asked if voting for Sinn Fein was a vote for a united Ireland, including British-ruled Northern Ireland, she replied: “Of course it is.”
“We are united Irelanders. We have an ambitious plan for a new Ireland.”
Retiree William McCarthy voted for the party but was unconvinced they would win.
Bangladesh urges EU states to expedite formal recognition of Palestine
- Only 11 of 27 EU member states recognize the State of Palestine
- Bangladesh responds to EU’s declared commitment to a two-state solution
DHAKA: Bangladesh has called on EU member states to expedite the formal recognition of the State of Palestine and use their influence to prevent permanent members of the UN Security Council from obstructing a ceasefire in Gaza.
Bangladesh’s delegation took part in a meeting of the Global Alliance for the Implementation of the Two-State Solution in Brussels on Thursday, where the EU foreign policy chief emphasized the bloc’s commitment to a two-state solution — providing Palestinians with their own nation-state — as “the only viable path to peace in the region.”
But so far, only 11 out of 27 EU member states recognize the State of Palestine, with three — Spain, Ireland and Slovenia — doing so earlier this year in the wake of Israel’s deadly onslaught in Gaza and with a genocide case against Tel Aviv ongoing in the International Court of Justice.
“The Bangladeshi delegation urged the participating member states to expedite their formal recognition of the State of Palestine, affirming this as a crucial step toward legitimizing and empowering Palestinian sovereignty and self-determination,” the Bangladeshi Ministry of Foreign Affairs said in a statement following the meeting.
For Bangladesh, which established diplomatic ties with Palestine soon after achieving independence in 1971, formal recognition of Palestinian statehood, was key to achieving peace.
“Already 149 countries have supported the UN recognition of the Palestinian state’s membership,” said Shafiqur Rahman, director general of the Bangladeshi Foriegn Affairs Ministry’s West Asia wing, who led the delegation to Brussels.
“It’s very important to galvanize and mobilize the global community. We must continue to apply pressure, and efforts should persist in this regard. There is no room for giving up,” he told Arab News on Friday.
The Bangladeshi delegation also called on EU member states to leverage their influence to discourage any vetoes by permanent members of the UN Security Council “that could obstruct adopting a permanent ceasefire in Gaza war and resultant peace initiatives.”
The most recent UNSC resolution demanding an “immediate, unconditional and permanent” ceasefire in the Gaza Strip was voted down by the US last week, as Israel’s deadly bombardment of the Palestinian territory continues.
It was the fourth time Joe Biden’s administration has vetoed a UNSC Gaza ceasefire resolution, blocking international action to halt Israel’s war, which over the past one year killed at least 44,000 Palestinians, injured over 100,000 more and destroyed most of Gaza’s civilian infrastructure.
Philippines looks to boost ties with Bahrain’s tourism, hospitality sector
- Bahraini government is preparing to open its embassy in Manila
- Cebu and Palawan are top destinations for Bahraini tourists in Philippines
MANILA: The Philippines is expanding collaborations with Bahrain to mutually boost tourism and hospitality expertise, Christina Frasco, the Philippine tourism secretary, said on Friday.
While other GCC countries have for years been the main overseas destination for Filipinos, relations with Bahrain started to expand only recently, with the Bahraini government preparing to open its embassy in Manila this year.
Frasco, who visited Manama earlier this month, held talks with her Bahraini counterpart Fatima Al-Sairafi on increasing tourism between the two countries.
“They’re very interested in learning from our world-renowned Filipino hospitality, as well as our brand of service excellence, and in collaborating to increase opportunities for meetings, incentives, conventions, and exhibitions,” Frasco told Arab News.
Some 57,000 Filipinos currently live in Bahrain, working mainly as accountants, engineers, construction contractors, sales associates, and business and government support staff. The tourism sector, however, remains untapped territory.
“We discussed the potential of wide-reaching collaborations between Bahrain and the Philippines, first and foremost on joint cooperation to increase tourist flows,” Frasco said.
“We also discussed how we may be able to further expand connectivity between Bahrain and the Philippines, not only with Manila, but with other places in the country, especially since, as I learned when I was in Bahrain, there are certain destinations (in the Philippines) that are very popular with the people of Bahrain, such as Cebu and Palawan.”
The number of tourists from Bahrain has been on the rise, with more than 5,500 visiting the Philippines from January to October this year — a 16-percent increase over the same period in 2023.
The Philippines has been trying to attract more visitors from Middle Eastern countries and has been encouraging the local hospitality industry to introduce standards that will make their properties and services attractive to Muslim tourists.
“We note that these countries have recovered very well (from the COVID pandemic travel shutdown) ... and we wish to be able to grow this momentum further by forging strategic collaborations with them,” Frasco said.
“Connectivity is one thing that we are continuing to focus on, as well as really ensuring that our tourist destinations are prepared to receive tourists from that region. This includes the growth of our halal and Muslim-friendly establishments.”
Former Kosovo rebel commander ordered to pay victims
- The judges “set the total reparation award for which Mr.Shala is liable at 208,000 euros” ($220,000),” Judge Mappie Veldt-Foglia told the Kosovo Specialist Chambers in The Hague
- Although the “responsibility to pay the compensation lies exclusively with Mr.Shala“” the judge said, “he does not appear to have the means to comply with the order“
THE HAGUE: A special international court on Friday ordered a former Kosovo rebel commander to pay $220,000 in damages to victims of abuses suffered in 1999 during the Serbian province’s struggle for independence.
Pjeter Shala, 61, also known as “Commander Wolf,” was sentenced to 18 years behind bars in July for war crimes committed during the tiny country’s 1998-99 independence conflict, when separatist KLA rebels fought forces loyal to then Serbian leader Slobodan Milosevic.
The judges “set the total reparation award for which Mr.Shala is liable at 208,000 euros” ($220,000),” Judge Mappie Veldt-Foglia told the Kosovo Specialist Chambers in The Hague.
“Mr Shala is ordered to pay (damages) as compensation for the harm inflicted” on eight victims, she said.
The total amount comprised individual payments to the eight victims ranging from 8,000 to 100,000 euros, as well as a collective sum of 50,000 euros, the judge said.
Although the “responsibility to pay the compensation lies exclusively with Mr.Shala“” the judge said, “he does not appear to have the means to comply with the order.”
Kosovo’s current Crime Victim Compensation Program “could be one way to execute the Reparation Order,” Veldt-Foglia suggested.
However, the maximum sums per victim awarded by the program would be lower than those awarded by the court, she said.
Shala faced charges of murder, torture, arbitrary detention and cruel treatment of at least 18 civilian detainees accused of working as spies or collaborating with opposing Serb forces in mid-1999.
The judges acquitted him of cruel treatment and he was sentenced on the other three counts.
The judges said Shala was part of a group of KLA soldiers who severely mistreated detainees at a metal factory serving as a KLA headquarters in Kukes, northeastern Albania, at the time.
Shala was tried before the Kosovo Specialist Chambers, a court located in The Hague to prosecute mainly former KLA fighters for war crimes.
They included former KLA political commander Hashim Thaci, who dominated Kosovo’s politics after it declared independence from Serbia in 2008 and rose to become president of the tiny country.
Thaci resigned in 2020 to face war crimes and crimes against humanity charges, and has pleaded not guilty.
Germany indicts Turkish national for spying on alleged Gulen activists
- Gulen built a powerful Islamic movement in Turkiye and beyond
BERLIN: German federal prosecutors on Friday said they had indicted a Turkish national for alleged spying on individuals that he associated with cleric Fethullah Gulen.
The suspect, who is not in jail and was only identified as Mehmet K., in line with German privacy laws, contacted Turkiye’s police and intelligence service via anonymous letters, prosecutors added.
Gulen built a powerful Islamic movement in Turkiye and beyond, but spent his later years in the US mired in accusations of orchestrating an attempted coup against Turkish leader Tayyip Erdogan.
Gulen died last month.
