A fund of Luxembourg investment, chaired until 2014 by former IMF Managing Dominique Strauss-Kahn, helped set up 31 companies in tax havens, he revealed today the newspaper “Le Monde” thanks to data obtained in the ” Panama papers “.
The fund Leyne, Strauss-Kahn & amp; Partners (LSK), created by his partner Thierry Leyne, opened and managed companies in havens such as the Seychelles, Panama, Hong Kong or the Virgin Islands for clients such as Asian investors or wealthy French audiovisual producers, added the newspaper.
The fund served its subsidiary Assya Asset Management Luxembourg (AAML) to operate those companies whose data appears in the leaked documents Panamanian law firm Mossack Fonseca.
Most of these structures opened domiciled bank accounts in Switzerland, Luxembourg, Panama and Hong Kong with the alleged aim of “hide the real identity of the beneficiaries of the funds,” adds “Le Monde”.
However, it specifies that AAML activity dates back to before the arrival of Strauss-Kahn to LSK presidency in October 2013.
Only a few months earlier, former director of the International Monetary Fund (IMF) attacked before the French Senate “unjust consequences” of tax havens, which “deprive the state of tax revenues”.
At the same time, the former economy minister criticized those “financial instruments founded on opacity” which is “very destabilizing”.
In March, the French prosecutor has opened a judicial inquiry into LSK by organized fraud and abuse of social goods and trusted band.
LSK left a liability of about 100 million euros and a total of 150 creditors, many of them attracted by the aura of solvency attributed to French politician.
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