Panama is followed by Bermuda

A major leakage of documents from the offshore register company Appleby.
The second after the Panama Papers, a major leak of documents from the company-registrar of offshore jurisdictions was confirmed: the Appleby group, including those working in the Bermuda and Cayman Islands, confirmed the report of the journalist consortium ICIJ (International Consortium of Investigative Journalists) about it. It is about 13.5 million confidential documents from the correspondence of the group with the clientele. The most interesting are the leaks of Glencore documents. In addition, ICIJ reporters found investments by US Secretary of Commerce Wilbur Ross in the Navigator transport company working with SIBUR, and DST Group's investments in Facebook and Twitter - this information, however, was previously officially disclosed. Among the victims of the leak are the British Queen and Apple.

According to ICJI, a reporter consortium created by journalists from a number of world media and independent investigators in 1997 and widely known in 2015 after receiving Panama Papers - the internal correspondence archive and documentation of the Panamanian registry firm Mossac Fonseca - the members of the consortium some time ago received archive of messages and documents of the Appleby Global group companies. Appleby is the oldest and largest registrar company in Bermuda, in addition, the company is active in the Cayman Islands and in 17 more offshore jurisdictions.
The archive of reports, called the ICIJ Paradise Papers, is slightly larger than the Panama archive (13.6 million records versus 11.5 million Mossack Fonseca documents) and is structured similarly - the smaller part is made up of Appleby registration documents in offshore jurisdictions , large - internal correspondence of the company and communication with the clientele.

In addition, as part of the archive, a small part of the messages of the private trust company Asiaciti, and independent from 2016, the "daughter" of the group - Estera. Like the Panama Archives, the Parish Archive was handed over by the ICIJ to the German newspaper Süddeutsche Zeitung, the origin of the documents is not disclosed, it is stated only that the archive has several sources, not one. Appleby said in an official statement that it was confident that the files had been stolen from her as a result of a computer attack, but she did not disclose details and generally declined to comment on correspondence with clients. The dating of documents is extremely wide - from 1950 to 2016.

One of the publications ICIJ, in fact, is devoted to the Appleby business. In it, the company, in particular, is accused of conducting "hundreds" of cases with clients without assigning to it the corresponding internal IDs (de facto secret clients circumventing the general procedures), although the company's research on the risk of money laundering and violation of legislation both offshore and national jurisdictions. Appleby has been audited in recent years by auditors of many offshore jurisdictions, in 2016 the company in Bermuda was fined for violating the order of business for $ 500 thousand, this information was not disclosed either by the authorities of the offshore company or by the company. The group denies any violations of the laws of the jurisdictions in which it operates.

The most sensitive in terms of large business leak in the "paradise archive" documents historically the largest customer Appleby in Bermuda - the group Glencore. A detailed article based on part of the Glencore documents published by the ICIJ regarding the business of the group in the Democratic Republic of the Congo, describes the financial details of Glencore's entry into the Katanga Mining mining project, there are no specific allegations of corruption financing in the Congo. However, the actual amount of leakage of Glencore corporate documentation is now unseen, it is only known that in the "paradise archive" there are some documents on the projects named code words "Project USA" (these are documents on the purchase of a large Canadian grain trader in 2012 by Glencore) The Big Game project "(a kind of Russian deal - the assumption that they can be associated with Glencore's participation in the privatization of Rosneft, now can not be confirmed or denied - there is simply no information about it), the projects" Dawn "," Everest " " and others. Glencore is a fairly closed company with a sensitive politically trading business.

The second part of ICIJ's investigations looks like an open attempt to join a media campaign in the US against President Donald Trump and his team. Any information that directly compromises Mr. Trump, his relatives and his government ministers has not been found in the "Paradise papers", despite the headline of the publication "Links of Trump Russia and its piggy bank are disclosed at 1%." The Appleby documents contain reports on the participation of Wilbur Ross from the US trade minister in 2014 in the funds owned by the Navigator transport company - it sells transportation services for chemical products, including Russian SIBUR (sales of about $ 68 million in two years) and Venezuelan PDVSA. Investments of Mr. Ross in the company related to the Navigator were regularly announced in the Minister's declarations. From the information the authors draw conclusions about the possible links of the Minister of Trade (the state of 79-year-old Wilbur Ross, who came to the ministry after almost 60-year career, is several billion dollars) with SIBUR co-owner Kirill Shamalov. The second discovered "Russian connection" surrounding Donald Trump is connected with the investments of the fund DST Group on Twitter and Facebook. The "paradise archive" found documents related to DST operations through the offshore company Kanton Services, and the opinions of ICIJ experts on who exactly with Russian investors of digital companies - VTB, Gazprominvestholding, or even Gazprom - diverge. The article discusses the career of DST creator Yuri Milner and his connection with the Russian authorities in detail and quite generally. As a potential link to the topic with Donald Trump, Mr. Milner's personal investment in the Cadre real estate company, owned by Ivanka Trump's husband, Donald Trump's daughter, Jared Kuschner, provides information about a one-time business meeting between Messrs Milner and Kouchner.

The third part of the investigation, while fragmentary, is devoted to numerous documents of the "paradise archive" with references to investments of "star" clients, from which it is difficult to draw any conclusions.

Among the clients of offshore companies in Cayman and Bermuda, Nike, Apple and about 100 large multinational companies have been found, Queen Elizabeth II of Great Britain has been investing in the company in the sphere of consumer services, the presence of offshore companies among several ministers in the government of Donald Trump (not directly reported, mentioned whether they are in declarations, there is no detailed information).

Documents from a rather private jurisdiction, the Isle of Man, were also announced, dedicated to the trustful ownership of yachts and business jets by "star" clients (for the time being, only the entrepreneurs from Azerbaijan were involved in publications). The most politically sensitive, apparently, is the message about the use of the closest associate of Canadian Prime Minister Justin Trudeau, the main fundraiser of the Liberal Party of Canada, Stephen Bronfman, schemes of tax optimization through offshore jurisdictions - information about this was found in the "paradise archive". Appleby's correspondence over the American co-owners of the Kolbon Trust involved in the Bronfman case really looks very mixed, in the Canadian parliament on November 1, opposition leaders handed Prime Minister Trudeau a number of official requests, the answers to which have not yet been received.