NEW: In November, the European Court of Justice dealt a huge blow to transparency, overturning an EU requirement to make company ownership data public.
Today, we look into the man whose lawsuit made this happen 🔍
What do his own corporate ties show? 👇 occrp.org/en/beneficial-…
Today, we look into the man whose lawsuit made this happen 🔍
What do his own corporate ties show? 👇 occrp.org/en/beneficial-…
2. WHY IT MATTERS: access to “beneficial ownership” info is critical to exposing illicit money flows, unexplained wealth, and hidden assets.
OCCRP has published dozens of stories that used beneficial ownership data.
occrp.org/en/beneficial-…
OCCRP has published dozens of stories that used beneficial ownership data.
occrp.org/en/beneficial-…
3. The trigger for this decision was a lawsuit filed against Luxembourg’s business registry by Patrick Hansen, best known as the CEO of a private jet firm that has flown King Charles III and other luminaries.
4. We found out why Hansen may be interested in concealing company ownership data:
Records reveal he has directed or owned at least 117 firms, many in offshore jurisdictions.
A financial crime expert told OCCRP this suggests he may be acting as a proxy. occrp.org/en/asset-track…
Records reveal he has directed or owned at least 117 firms, many in offshore jurisdictions.
A financial crime expert told OCCRP this suggests he may be acting as a proxy. occrp.org/en/asset-track…
5. Hansen’s corporate links include directing 16 firms owned by Russian millionaire Valeriy Kolikov and his son Alexander — key players in the Nord Stream 2 pipeline.
The Kolikovs also loaned nearly €100 million to Hansen’s Luxaviation, mostly through offshore companies.
The Kolikovs also loaned nearly €100 million to Hansen’s Luxaviation, mostly through offshore companies.
6. In his lawsuit, Hansen cited privacy laws, arguing his safety could be at risk if the public learned what firms he owned.
But because of his case’s significance and the personal info he previously revealed on social media, we believe our story is in the public interest.
But because of his case’s significance and the personal info he previously revealed on social media, we believe our story is in the public interest.
7. This story was a joint investigation by OCCRP, 🇱🇺 @reporter_lu and 🇩🇪 @paper_trail_m, and other outlets from 🇫🇷 France, 🇩🇪 Germany, 🇧🇪 Belgium, 🇦🇹 Austria and 🇪🇸 Spain.
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