Panama Papers: Have a great laugh about it

5th April 2016

5th April 2016

Panama Papers The orchestrated leaks against BRICS heavyweights

Panama Papers: have a great laugh about it.

Indian Express is preening that alongside International Consortium of Investigative Journalists (ICIJ) it poured over 11.5 million leaked documents of 214,000 shell companies and 14,000 Mossak Fonseca clients, between 1977 and 2015, and found over 500 Indian individuals using the tax haven.

The leak first appeared in NATO-friendly Suddeutsche Zeitung newspaper in Munich and then shared by the ICIJ with selected mainstream media partners, including Indian Express.

A few of the smeared Indian names you already know: Amitabh Bachchan, Harish Salve, Aishwarya Rai, KP Singh and Vinod Adani, elder brother of industrialist Gautam Adani.

Now a few things which you don’t know and must be told about:

The ICIJ is funded by Washington-based Center for Public Integrity which in turn gets its source income from the Ford Foundation, the Carnegie Endowment, the Rockfeller Family Fund, the Kellogg Foundation and the George Soros-owned Open Society.

Another of ICIJ patron is Organized Crime and Corruption Reporting Project (OCCRP) which is financed by the US government through USAID.

And oh yes, about Panama: a well-known US vassal state. As famous analyst Pepe Escobar says: “Absolutely nothing in real substance happens in Panama without a green light by the United States government. Or as an international tax lawyer told me, “you have to be an idiot to stash money in Panama. You cannot flush a toilet there without the Americans knowing about it.”

So in this selective leak, there is no US senator, European Union politicians, no big Wall Street banks and hedge funds hiding in Panama. Apple, Google, Starbucks—a few of the biggest tax evaders using offshore schemes—have miraculously evaded the scrutiny.

As former UK ambassador Craig Murray writes: “The filtering of this…information by the corporate media follows a direct western government agenda....The Guardian is quick to reassure that much of the leaked material will remain private.” (Why not give these "leaked" papers to independent media like NewsBred?)

This “leak” is essentially to cause domestic rows and embarrassment to BRICS nations, Russia, China and India and its heavyweights, Putin, Xi Jinping and Narendra Modi, alongside Bashar-al-Asad of Syria. Certain leaks are held back to potentially blackmail those in times of need. The other persons named are relatively minor players in the big game which West, embarrassed by Russia-inspired victory in Palmyra, has chosen to sacrifice.

So you have the names of demented king of Saudi Arabia; Nawaz Sharif, Pakistan’s prime minister; Avad Allawi, ex-interimt PM of Iraq; Petro Poroshenko, president of Ukraine; Alaa Mubarak, son of Egypt’s former president; Sigmundur David Gunnlaugsson of Iceland; Argentina President Mauricio Macri; Dov Weisglass, the butcher of Gaza, already convicted of corruption. These are all disposable individuals.

And then comes the sucker-punch: Western corporate media I shouting from rooftops that Russian president Vladimir Putin has stashed US $2 billion offshore. The fact is: he hasn’t. He is guilty by association to Arkady and Boris Rotenberg’s alleged ties to money laundering. The same method in hauling over the coals of Adani, for the acts of his brother; and Bachchan who was seen as ruling party’s potential candidate to be India’s president.

As for China, unnamed eight Chinese Communist Party current and former officials and brother-in-law of Chinese president Xi Jinping have been named.

Syria was always going to be a target. Most of Western media has put its focus on Rami Makhlouf, “Assad’s fixer.” He is already under US sanctions since February 2008. Nobody bothers to ask how this “poster boy” of corruption was sheltered by HSBC.

The “leak” is of selected nature, likely obtained by US secret service, meant to serve two purpose:

(a)   To smear BRICS and enemies of empire

(b)   To hold details for blackmailing in future and keep those targets fall in line

The leak essentially is of several dozen firms and individuals who are already blacklisted by the US sanctions. If ICIJ and its partners are really serious, they ought to go after Cayman Papers or the Virgin Island Papers. That’s where the biggies are.

Says Escobar: “The so-called international banking/financial system is a demented casino. It’s not only 8 percent; Hong Kong players tell me as much as 50 percent of global wealth may currently be parked, undisturbed, in non-taxable offshore havens. If a fraction of these astonishing funds would be taxed, governments right and left would be paying their debts, investing in infrastructure, launching round after round of sustainable growth, and a productive spiral would be in motion.”

Three months ago, Andrew Penney, managing director of Rothschild and Co, in a Bloomberg piece, essentially stated that US “is effectively the biggest tax haven in the world.”

So, essentially, we now know a little more about Indian Express and its association with US-backed dubious bodies of investigative journalists. 

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