Discover and read the best of Twitter Threads about #bvi

Most recents (6)

💰1MDB Global Scandal💰

What is 1MDB?

Short for 1Malaysia Development Berhad (which means limited), the fund was set up in 2009 by then-Prime Minister Najib Razak to invest government revenues in real estate

MAIN THREAD #1MDB
Questions arose in early 2015 when the fund failed to meet payments on $11 billion in debt.

🔑The WSJ then published documents showing that about $700M from 1MDB-linked entities had ended up in Najib’s personal bank accounts just before elections in 2013.
latimes.com/world/la-fg-ma…
By far the largest transactions that flowed into Malaysian PM Najib’s accounts were two deposits of $620M & $61M in March 2013, during a heated election campaign in Malaysia.
wsj.com/amp/articles/m…
Read 42 tweets
💰1MDB - Elliott Broidy💰

Trump Ally Was in Talks to Earn Millions in Effort to End 1MDB Probe in U.S.

Emails indicate Brody and his wife were negotiating a fee if the US Justice Department closed its investigation of 1MDB
wsj.com/articles/trump…
Background:

Broidy, a top Republican fundraiser close to Trump was in negotiations to earn tens of millions of dollars if the U.S. DOJ dropped its investigation into a multibillion-dollar graft scandal involving a Malaysian state investment fund. #1MDB

wsj.com/articles/trump…
In emails Broidy & his wife, Robin Rosenzweig, discussed setting up a consulting contract with Jho Low, who is at the center of the 1Malaysia Development Bhd. scandal, which brought scrutiny to the country’s prime minister, Najib Razak.

wsj.com/articles/trump…
Read 18 tweets
💰1MDB & UAE💰

Stolen Emails Show Ties Between U.A.E. Envoy and 1MDB Fund’s Central Figure
Amb Yousef Al Otaiba had longstanding ties to a financier the U.S. says is at the center of a scandal surrounding a Malaysian state development fund

wsj.com/amp/articles/s…
Leaked emails are embedded in this article: #1MDB

sarawakreport.org/2017/08/more-l…
Yousef Al Otaiba, the UAE ambassador to the U.S., attempted to shape American policy toward the Middle East & lobbied over a regional dispute with Qatar. #KushBlockade
wsj.com/amp/articles/s…
Read 25 tweets
💰Arron Banks - STM Fidecs Ltd

STM Fidecs Ltd was the first to register Leave.EU as a wholly owned subsidiary. Its ownership then passed to Banks.
theguardian.com/politics/2015/…
🔑Banks was previously a “substantial” shareholder in the firm’s parent company.

📌And the Panama Papers give further details of Banks’s offshore interests. He is listed as a shareholder of PRI Holdings, together with two other people.
theguardian.com/world/2016/oct…
One of them is Elizabeth Bilney, the chief executive of Leave.EU. Documents show Banks owns 25,500 shares in the firm, and Bilney 12,250.
theguardian.com/world/2016/oct…
Read 44 tweets
💰Arron Banks - Panama Papers

Offshore secrets of Brexit backer Arron Banks revealed in Panama Papers
The British Virgin Islands and Gibraltar emerge as key locations in the affairs of Arron Banks, who spent £7.5m funding Nigel Farage’s Leave.EU campaign group ahead of the Brexit referendum on 23 June.
theguardian.com/world/2016/oct…
The Panama Papers show that Banks is a shareholder of PRI Holdings Limited, which Panamanian-based Mossack Fonseca set up as an offshore company in 2013.
PRI Holdings is based in the British Virgin Islands (BVI), a UK offshore territory & int’l tax haven.
theguardian.com/world/2016/oct…
Read 49 tweets
💰Bellingham & The British Virgin Islands

Sir Henry Bellingham is the former UK FCO Minister for the Overseas Territories 2010 - 2012

#PanamaPapers #BVI #TaxHavens #GlobalLandromat #TOC
2016:Bellingham in support of the British Virgin Islands Gov’t & financial corporations writes the British Virgin Islands are a 'shining example of a well-regulated, transparent jurisdiction'

#SureJan
politicshome.com/news/world/opi…
🔑Sun, Sand, and the $1.5 Trillion Dark Offshore Economy

🔑The British Virgin Islands is nominally home to 400,000 companies, and desperate to fend off the transparency movement.

bloomberg.com/news/features/…
Read 26 tweets

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