The main perpetrators and accomplices. - With an expenditure of many millions of dollars, euros, pesos, etc. the Western Regime Change NGO's bundled under the *International Consortium of Investigative Journalists * (ICIJ) over several months the "Pandora Papers" compiled: 2,94 Terrabyte data with 11,9 million documents on letterbox companies in numerous financial aoses. Tax evasion, money laundering, fraud, corruption and the like among 330 named heads of state and government, other politicians, sports and cultural celebrities as well as thousands of businessmen and billionaires are suspected, are likely.
29,000 Mailbox Companies
The heads of state and government and politicians come almost exclusively from dozens of smaller and far-flung states such as Jordan, Montenegro, Kenya, Congo, Dominican Republic, Panama, Peru, Brazil, Argentina, Honduras, Colombia, Pakistan, Philippines, Indonesia, Qatar. Prominent Western politicians are the big exceptions, and most are no longer in office: British ex-Prime Minister Tony Blair, Italian ex-head of government Silvio Berlusconi, Israeli ex-Deputy Prime Minister Haim Ramon, Jerusalem's ex-mayor Nir Barkat, ex-European Commissioner John Dalli. Only three incumbent Western politicians in smaller states are named: the "Christian" Dutch Finance Minister Wopke Hoekstra, the Czech Prime Minister and oligarch Andrej Babis and the Ukrainian President Volodymyr Zelenskyi – that's it. USA, Germany, France, Canada, Scandinavia - all clean.
Former model Claudia Schiffer, musicians Ringo Starr, Elton John, Julio Iglesias, Nobel Prize-winning writer Mario Vargas Llosa and football coach Pep Guardiola (Bayern Munich, Manchester City) are among the cultural and sports celebrities from the picture book of colorful leaflets. From the nobility, a daughter of the Moroccan king Hassan appears, the royal family of Qatar, as well as Corinna zu Sayn-Wittgenstein, entrepreneur and playmate of the resigned Spanish scandal king Juan Carlos I. Who would have thought that?
Among the many named businessmen, there are similarly picture-perfect those from countries connected to the West who are already known for unclean business, such as India, Pakistan, Turkey, Montenegro, Bulgaria, Ukraine, Colombia, the Philippines and the western-annexed territory of Hong Kong. However, there are also a few lost figures from more important states: With Robert Smith /VISTA Equity Partners and Robert Brockman/Reynolds&Reynolds, two donors of the two leading US parties; Alexander Temerko as donor of the British Tories; India's richest entrepreneur Mazumdar-shaw; Israeli multi-billionaire Benny Steinmetz, sentenced to prison for money laundering and bribery; Formula I race promoter Bernie Ecclestone.
At the very edge, the US corporations Apple, Abbott, Nike and RJR Nabisco suddenly appear, also the most important US business law firm BakerMcKenzie (from which ECB HEAD Christine Lagarde comes), of course without naming people, without further deepening and without justification for this tiny selection.
The largest unitary group so far consists of 1,892 owners of letterbox companies from China, including a brother-in-law of the head of state Xi Jinping and a daughter of ex-premier Li Peng. The second largest unitary group from one state is the dozen Russian businessmen, who are called "close friends" of President Putin. And a Svetlana Krivonogikh, who was once presented by BILD as an "alleged" former mistress of Putin and belongs to the jet set in the Principality of Monaco, has now been rediscovered on time by the ICIJ investigators, with "alleged" 85 million euros in the mailbox.
Everything normal, right? But Putin! And Xi Jinping!
Overall, according to the information so far, the Western people are personal businesses. So Tony Blair and his wife bought a property in London for 7.5 million. Property purchases in the UK have long been a popular property for foreign super-rich people anyway. So, the Jordanian King Abdullah bought 14 houses here, by the way, also from Crown Estate, the administration of the British royal house. And also President Aliyev of Azerbaijan arrived in the United Kingdom without difficulty at all 27 properties. Czech Babis bought a "mansion" in France. The Dutch Finance Minister Hoekstra was content with peanuts, he participated with a good 20.000 euros in a tourism company, together with friends.
All this shows that the involvement of letterbox companies is also routine in Europe and in the EU. But the lead media evaluation does not focus on the states that tolerate and promote these practices, but on people who use the generous offer. Azerbaijan's Aliyev is otherwise mightily denounced as authoritarian and corrupt - but that Britain allowed him to buy 27 properties with the help of mailbox companies – no criticism.
So people are pilloried who maintain letterbox companies. But it is not the states and federations of states that are pilloried for promoting the supply of letterbox companies, such as the USA, Great Britain and by no means least the European Union. What we will come to: the names of the Russian and Chinese owners of mailbox companies are known – but not the owners of the mailbox companies that are under the protection of BlackRock & Co.
If financial oases belong to Western legal statehood
So far, the leading media presentation has focused particularly on a very special, tiny excerpt: "CLOSE friends of Putin" are the villains in the Pandora production. They use letterbox companies in financial oases! Financial havens that have been part of the system of US-led Western capitalism for decades.
When Western-friendly Russian oligarch Mikhail Khodorkovsky, owner of the combined oil company Yukos, used several Western financial havens with the help of Western advisers, he was praised in the West for his dexterity and heaped with loans and investments. He was convicted of tax evasion in Russia, he did not deny the facts. But the private arbitration court in The Hague, Netherlands, responsible for international financial relations, in 2014 ordered the Russian state to pay $ 50 billion in damages. Financial havens were part of the Western rule of law and no ICIJ investigators found anything bad about it.
Missing: The most important financial oases
The most frequently mentioned financial havens are Panama, the British Virgin Islands, Belize, Seychelles, Hong Kong, United Arab Emirates, Cyprus and Switzerland. They traditionally specialize in hiding individual assets, money laundering and corruptive payments of individuals.
But the financial havens that are central to corporations, banks and today's leading investors are missing: At the top is the US state of Delaware: Here, for example, most of the 500 US companies from the Forbes and S&P list have their legal and tax domicile. In the EU, the most important financial havens for tax avoidance, lending, licensing of companies are the states of Ireland, Luxembourg and the Netherlands. In addition, there are the Cayman Islands (British overseas territory), Singapore and the British Channel Islands Jersey and Guernsey.
Incidentally, they are all missing from the "black list" of financial oases compiled by the EU, including the most recent one from 22.2.2021. To demonstrate their ridiculousness, these insignificant financial oases that are branded by the EU should be mentioned here: Samoa, Anguilla, Dominica, Fiji, Guam, Palau, Panama, Seychelles, Trinidad&Tobago, Vanuatu.
In the Pandora Papers, 203 US trusts appear on the sidelines, so to speak, intra-American letterbox companies. Most, 81, sit in South Dakota, in Florida 37, in Texas 24, in Nevada 14. Also Delaware are assigned such trusts, 35. They are used by upper classes of petty criminals. Here, too, the first league of US corporations and Wall Street is missing, which maintain tens of thousands of letterbox companies in the Cayman Islands, the British Channel Islands and not least in Ireland, Luxembourg, the Netherlands, Cyprus and Malta.
For example: Deutsche Bank in Delaware
The big players are not represented in the insignificant to ridiculous financial havens in which Pandora investigators also dive. The largest location of corporate and banking mailboxes in the world, the US state of Delaware is not mentioned at all in this regard. And also not the largest capital organizer in the world, BlackRock, which has its legal and tax headquarters here.
Let us take an example from Germany: Deutsche Bank – in which BlackRock itself is one of the leading shareholders - has many dozens of letterbox companies in the most important financial oases of Delaware, Luxembourg, the Netherlands and the Cayman Islands.
Deutsche Bank in Delaware:
- Deutsche Bank Capital Finance LLC I
- Deutsche Bank Contingent Capital LLC II
- Deutsche Bank Contingent Capital Trust II
and four more dozen.
In Luxembourg, for example:
- Deutsche Bank Luxembourg S.A. Fiduciary Deposits
- Deutsche Bank Luxembourg S.A. Fiduciary Note Programme
and four more dozen.
In Ireland, for example:
- Eirles Three Designated Activitiy Company
- Eirles Two Designated Acidity Company
and so on.
Missing: The leading capital organizers BlackRock & Co.
Not only the most important financial oases and companies and banks are missing from the elaborate Pandora “disclosure“, but also the leading investors, capital organizers and asset managers today, who own the most important Western companies and banks.
In the first place, today this is BlackRock: the largest capital organizer of the US-led Western financial system, with $ 9 trillion of capital invested, has its legal and tax headquarters in Delaware. BlackRock currently co-owns/shareholders 18,000 companies and banks worldwide, in most of the 500 largest companies and banks in the USA (e.g. Amazon, Google, Facebook, Apple, Microsoft, Coca Cola, Goldman Sachs, Tesla, Exxon, Boeing, Lockheed), similarly in the UK, France, Belgium, Switzerland, etc.
In Germany, BlackRock is among all 6 major shareholders of all 30 DAX corporations, also in the aforementioned Deutsche Bank, also in the fraud group Wirecard, and also in the 5 largest private housing groups, namely Vonovia, Deutsche Wohnen, LEG, TAG and Grand City Properties.
Missing: BlackRock's Rich Investors
Today's leading capital organizers and investors such as BlackRock, Vanguard, State Street, Blackstone, KKR & Co. get their capital from the super-rich when they have 5 or 50 or 100 million unemployed in one of their accounts, i.e. multimillionaires and multimillionaires, corporate foundations, entrepreneurs, top managers, pension funds. And these BlackRock & Co investors are anonymised with the help of letterbox companies, and this capital and the proportionate profits from the 18,000 BlackRock companies and banks then enjoy the protection of the financial oases that are not on the EU Blacklist.
The fact that customers of BlackRock & Co. use letterbox companies as standard and are anonymized – this is not even mentioned in the Pandora Papers. And of course, these investors from BlackRock & Co. are not mentioned by name in the Pandora Papers – in contrast to the Russian and Chinese owners of letterbox companies.
Letterbox companies BlackRocks in the lignite group RWE
BlackRock is the largest shareholder in lignite group RWE with 3.26 percent of the shares. This share currently represents a value of almost one billion euros. And this amount is distributed among 219 BlackRock subsidiaries, with an average amount of about 4 million euros.
These 219 companies include BlackRock Deutschland AG. Until 2020, the chairman of the Supervisory Board was BlackRock's lobbyist in Germany, Friedrich Merz, who also wanted to become CDU chairman, Chancellor or at least finance minister and was also supported by the business and banking lobby. Hello, ICIJ-Investigativler: Have you ever investigated the question whether Friedrich Merz has a mailbox company or maybe even several?
However, the vast majority of these 219 companies are letterbox companies in financial oases and contain the capital invested by BlackRock's anonymous investors. The financial oases are not the Seychelles, Belize, etc., mentioned by ICIJ and the EU, but Delaware, the Cayman Islands, Luxembourg, the Netherlands, Singapore.
Missing: Joe Biden, the patron of Delaware
Oh, in case you didn't know or forgot, which can happen very easily nowadays, with this flood of non-information: With the rise of Delaware to the largest corporate and investor financial oasis on Earth, a certain Joe Biden also rose, president of "America First" since 2021.
Biden was a senator for the tiny US state of Delaware from 1973 to 2009. Already as a 29-year-old business lawyer, he had applied for this office and held it for 35 years. The number of mailbox companies in Biden's homeland is at least twice as high as the number of eligible voters. Son Beau Biden became Attorney General here without making much effort. Son Hunter Biden acts as a busy financial speculator in Ukraine, among other places – if necessary, Father Biden also campaigned for him on the ground in Kiev.
Joe Biden has been recently donated to his election campaigns by the big digital corporations such as Alphabet/Google, Microsoft, Amazon, Apple, Facebook, Netflix. But companies in Delaware also promoted their influential senator, including credit card company MBNA and John Hynansky, who hails from Ukraine and dominates the export of premium SUVs to Ukraine.
Biden, as a senator in Washington, always voted with the Republicans on major deregulations of the financial sector. The largest financial oasis also includes an extremely "liberal" corporate constitution (extremely low liability, low obligation to publish) and a corresponding judiciary.
And the largest company in the financial oasis, BlackRock, and the long-time lobbyist Joe Biden eventually found themselves very close together: three top managers of BlackRock became members of the Biden administration.
Pandora Papers: Funded by Soros’ Open Society Foundations
Like the similar Panama Papers and Paradise Papers, the Pandora Papers were coordinated by the International Consortium of Investigative Journalists, ICIJ, based in Washington. The associated media in the Western states mainly include "liberal" media such as the New York Times (USA), Guardian and BBC (Great Britain), Asahi Shimbun (Japan) and from Germany the Süddeutsche Zeitung, WDR and NDR.
The millions of euros for the elaborate international research and the coordination by the ICIJ come from the Open Society Foundations of the well-known big speculator and US multi-billionaire George Soros. He financed the opening of entire states of Eastern Europe to Western "values" and investors with the help of numerous "colorful revolutions". Oligarchs like Viktor Orban are his foster children, even if he later throws himself over with them. And against Putin's Russia – Soros is always there. Soros and ICIJ had no objection to the corrupt and often drunken predecessor of Putin, Boris Yeltsin, the seller of Russia.
"Enlightenment" in the service of counter-enlightenment and agitation
The Pandora Papers suggest personal dirty business, such as fraud, money laundering, corruption and the like. This, we know from experience, will be true in many cases.
But the ICIJ investigators avoid a clear and publicly communicated distinction: The mentioned persons from Russia and China are indicated that the letterbox companies serve other purposes. Thus, the largest Chinese trading company Alibaba organized the IPO in New York through a mailbox company. This was known to the US- as well as the Chinese side - because of the US rules. And if the Chinese leadership strengthens the Chinese economy and then takes Alibaba, as has happened, into the regulatory tongs properly, then this is something other than the permanent protection that the US and EU governments and now also the ICIJ "revelations" grant to the super-rich investors of BlackRock&Co.
If the publications of the Pandora Papers are followed by prosecutorial investigations, if the governments of the USA, Great Britain and the EU states close their financial oases - above all Delaware, Luxembourg, the Netherlands, Ireland, the Cayman Islands and the English Channel Islands – then a lot would already be gained for the prosperity of the nations and the majority populations. But as long as "revelations" in the style of ICIJ turn out to be the same as the Pandora papers now, they do not serve the Enlightenment, but the counter-enlightenment: greenwashing of the Western financial system and incitement against Russia and China.