NEW: As Huawei inked a major deal to overhaul Serbia's telecom infrastructure, the Chinese tech giant paid large sums to an offshore firm linked to a former executive at Serbia’s state-owned telecommunications company, the #PandoraPapers reveal. 1/7
occrp.org/en/the-pandora…
occrp.org/en/the-pandora…
Telekom Srbija began purchasing Huawei equipment during Igor Jecl's tenure at the state-owned company.
He left in 2008. But with @KRIKrs, we reveal that his dealings with Huawei did not end there. He appears to have received over $1.4 million from the Chinese multinational. 2/7
He left in 2008. But with @KRIKrs, we reveal that his dealings with Huawei did not end there. He appears to have received over $1.4 million from the Chinese multinational. 2/7
@KRIKrs This all happened offshore, through Rofly Investments Ltd 🇻🇬, which was carefully set up to obscure its ownership. #PandoraPapers documents show the shell company received over 650,000 euros from Huawei.
Rofly began transferring money and real estate to Jecl. 3/7
Rofly began transferring money and real estate to Jecl. 3/7
@KRIKrs Here’s what Rofly secretly gave Jecl:
➡️ €50K for consultancy services
➡️ A €250K loan to set up a chain of ice cream shops in Spain
➡️ The purchase contract for an apartment in the Bahamas in this neighborhood, worth as much as $490M
4/7
➡️ €50K for consultancy services
➡️ A €250K loan to set up a chain of ice cream shops in Spain
➡️ The purchase contract for an apartment in the Bahamas in this neighborhood, worth as much as $490M
4/7
@KRIKrs Then Jecl assumed ownership of Rofly, and started receiving dividends too.
Just days before he took over, the offshore had been given 4 more consultancy contracts with Huawei — from yet another shell company, secretly owned by a lawyer with ties to Telekom.
5/7
Just days before he took over, the offshore had been given 4 more consultancy contracts with Huawei — from yet another shell company, secretly owned by a lawyer with ties to Telekom.
5/7
@KRIKrs As Jecl was dealing with Huawei via offshore firms, Huawei and Telekom Srbija (the Serbian state-owned firm where Jecl formerly worked) signed a €150M deal to overhaul Serbia’s telecom networks.
Experts say the secret payments raise red flags for corruption. 6/7
Experts say the secret payments raise red flags for corruption. 6/7
@KRIKrs Jecl’s life today is a far cry from his time as a Serbian official. He now owns ice cream companies in Spain, including one called "Daddy Cool."
#PandoraPapers documents show he appears to have started this business with a loan from Rofly — the same offshore paid by Huawei. 7/7
#PandoraPapers documents show he appears to have started this business with a loan from Rofly — the same offshore paid by Huawei. 7/7
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