Thread by @OCCRP

NEW: OCCRP and @daphnefdtn have uncovered another potential scandal involving Henley & Partners, a firm that specializes in “citizenship-by-investment” programs.

This one concerns Henley’s chairman, his associate, and St. Kitts and Nevis 🇰🇳 1/ occrp.org/en/investigati…

St. Kitts and Nevis hired Henley in 2006 to set up a program that allowed foreigners who paid at least $250,000 into an economic development fund known as the SIDF to obtain a passport.

The SIDF, we reveal, went on to invest in a business linked to Henley’s chairman. 2/

Henley’s chairman Christian Kälin, aka the Passport King, and his business partner secured a ~$1.2m investment from SIDF, which purchased shares in their firm ASW Capital.

(Side note: ASW was once owned by Harvey Weinstein) 3/

Let's recap:

➡️ Henley set up a "citizenship-by-investment" program in St. Kitts and Nevis

➡️ The passport sales scheme sent millions of dollars into SIDF

➡️ SIDF made a $1.2m investment to ASW Capital

➡️ Kälin is Henley’s chairman AND was a board member of ASW 4/

Financial crime expert @mairarmartini said Kälin’s roles with ASW and Henley, which worked closely with SIDF, “could be a significant conflict of interest.” 5/

We also found that Kälin’s business partner, Patrick Liotard-Vogt (an heir to the Nestle fortune) was involved in another shady deal involving SIDF, which bought shares in a resort then sold them to Liotard-Vogt.

This happened after Henley considered buying the luxury resort. 6/

Both ventures highlighted in this thread ended in failure for the SIDF.

The real victims of these unsuccessful investments were not Kälin or Liotard-Vogt, but the people of St. Kitts and Nevis, who were supposed to benefit from a prosperous SIDF. 7/

OCCRP and @daphnefdtn published another story about #HenleyandPartners today that reveals a quid-pro-quo relationship btw Henley and SCL, the parent company Cambridge Analytics.

Learn how these two companies appear to have influenced Caribbean politics. occrp.org/en/investigati…