SHELL COMPANIES for money laundering, tax evasion, hiding kickbacks, layering PART 13 -- CAPT AJIT VADAKAYIL

THIS POST IS CONTINUED FROM PART 12 , BELOW--

http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_6.html

Evil pharma uses SHELL companies to stay out of trouble and preserve their reputation , when caught with their pants down,   for their criminal deeds.

When I exposed  EVIL PHARMAs foul propaganda for CHEAP GENERIC MEDICINES via a slimy TV program,  a CRYING BOLLYWOOD SUPERSTAR sued me for defamation.

People are now awake –this TV show is now dead !

Somebody has to bell the cat, right ?

http://ajitvadakayil.blogspot.in/2012/05/guinea-pigs-for-untested-medicines.html

Kosher EVIL PHARMA has invasively corrupted the way that the healthcare industry delivers its vital services.  

The story of Big Pharma is the exact same story of how Rothschild’s shadow govt,  Big bankers, Big Oil,  Big  GM Agri-Chem Giants like Monsanto have come to power.

The controlling shareholders of all these major industries are one and the same- they are all part of the Bilderberg INNER club

SHELL COMPANIES ARE PERFECTED DURING BILDERBERG CLUB MEETINGS WHERE ALL COMPARE NOTES.

http://ajitvadakayil.blogspot.in/2011/09/shrewd-club-within-naive-bilderberg.html

Jew Rothschild’s  global central banking cabal own and operate all the Fortune 500 companies in addition to virtually all national governments on this earth.

Nobody believed me when I wrote about this. They were most sarcastic.

It is a good thing that the Hillary vs Trump US elections took place .  

Suddenly people noticed that Jew Rothschild was running USA via Hillary’s private server.  

People noticed that Jew Rothschild’s monopolized media wanted Hillary to win.

People noticed that the entire kosher Hollywood stood behind Hillary as one.

People notice that all Fotune 500 companies got a WHIP from BIG BROTHER to sponsor Hillary.

JEW ROTHSCHILDs FIRST DEFEAT EVER SINCE HE GRABBED TIPU SULTANs GOLD WAS TRUMP GETTING ELECTED.

http://ajitvadakayil.blogspot.in/2011/10/tipu-sultan-unmasked-capt-ajit.html

HIS SECOND DEFEAT WAS ASSAD SCREWING THE JEWISH CREATED/ ARMED/ FUNDED SYRIAN MERCENARIES .

MORE DEFEATS ARE AROUND THE CORNER

This cosy kosher club  have systematically and effectively eliminated competition under the deceptive misnomer of a free enterprise system.     

In India they created the COLLEGIUM judiciary, where judges elected judges.  

They created COLLEGIUM  cosy clubs  NCW, NCM, NHRC, NGT etc all bleeding Bharatmata ..    

http://indianexpress.com/article/india/india-news-india/ex-dcw-alleges-swati-maliwal-practised-nepotism-files-complaint-with-acb-2971462/

Modernization is synonymous with globalization, privatization and militarization.   India sends soldiers to UN peacekeeping missions—basically stand guard while Jews steal.

An extremely small number of humans representing a privileged ruling elite has imposed a global caste system that’s hatched its long term diabolical plan to actualize its one world government.

Britain has left EU , they are smart enough to realize what is happening—the John Bulls people took the lead against the British Govt run by Jew Rothschild..

Through pillaging and plundering the earth, Jew Rothschild’s bankers set up a cleverly deceptive financial system that controls the production and flow of fiat paper money using the US dollar as the standard international currency-- they have turned the world’s citizens and nations into indentured servants, hopelessly in debt.

EVIL PHARMA are among the most powerful Fortune 500 companies of the world.   What Big Pharma wants, Big Pharma nearly always gets—by kickbacks and bribes .

Evil Pharma poured $4.1 billion into its lobbying interests in the past decade.  Evil pharma works in cahoots with the Jew Rothschild’s insurance industry.

And it’s this unholy trinity of the medical establishment (personified by the American Medical Association), embedded insurance industry that wrote Obamacare into law and Big Pharma that makes the United States the most costly, broken, corrupt, destructive healthcare system in the entire world.

Donald Trump wants to dismantle Obamacare ( slave to Rothschild’s insurance ) and Jew Rothschild plans to stop him.

Below: I ask Indian muslims -- how many of your TOP clerics who give FATWAS ghadi ghadi--- have ZEBIBA marks at all -- or in the right place ?

http://ajitvadakayil.blogspot.in/2011/07/cracked-heels-and-prayer-marks-capt.html

The structured system of EVIL PHARMA is designed and layered with built in incentives at every tier to make and keep people sick, chronically dependent on their drugs for survival that merely mask and smother symptoms rather than cure or eradicate the root cause of disease.

Indians are being used as guinea pigs for brain medicines.  The west has a problem due to eating TOXIC MEAT .  You cant use rats for lab experiments involving brain.  You need CONSCIOUS mammals who can pass the mirror and colour test.

http://ajitvadakayil.blogspot.in/2013/12/shocking-legacy-of-mad-cow-disease-capt.html

If humans are healthy, the healthcare industry does not survive.    Thus, it’s in its own inherently self-serving interest to promote illness in the name of wellness.

IN INDIA OUR RICHEST MAN IS A PHARMA GUY.

http://www.livemint.com/Companies/miZYTYmtOEexDuSG2YWmZK/Dilip-Shanghvi-becomes-Indias-richest-person.html

THIS IS LIKE THE SHIT HOUSE CLEANER IN A CIRCUS BEING THE RICHEST MAN—SOMETHING IS TERRIBLY WRONG !

Because natural healing substances cannot be patented, Big Pharma has done its sinister best to squelch or discredit  all knowledge and information that come from the far more affordable means of alternative health sources .

http://ajitvadakayil.blogspot.in/2012/10/say-no-to-plastics-human-suffering-and.html.

6200 year old Ayurveda uses only organic herbs .  Organic means it has the element CARBON in the formula

THIS BLOGSITE ASKS DONALD TRUMP TO TAKE THE LEAD AND LEGALIZE MEDICAL MARIJUANA

EVEN JEW ROTHSCHILDs  OWN ISRAEL HAS SEEN THE BENEFITS OF MARIJUANA—  ISRAEL GOES AGAINST ITS LORD AND MASTER

http://www.newsy.com/stories/israel-s-cabinet-decriminalizes-recreational-marijuana/

More than 82%  of US citizens over 50 are currently taking prescribed medication.  More than 33% American women in their 40’s and 50’s is taking antidepressants..   

Taking massive amounts of prescription drugs has caused an epidemic that’s part of a sinister plan to squeeze yet more profit out of a system designed to keep humans chronically unhealthy.

The epidemic of trans-mutated bacterial infection and parasites that invade and infest the digestive tract in particular killing good bacteria and spread to other internal organs have become highly resistive to overuse of antibiotics.    

Big Pharma and doctors know all this yet they are responsible for antibiotic overconsumption. According to Ayurveda 85% of diseases originate in the human gut.

The processed food and soft drink industry ensures Candida albicans milk money

http://ajitvadakayil.blogspot.in/2016/01/candida-albicans-darling-of-evil-pharma.html

VACCINES ARE PUSHED BY ZIONIST JEWS INTO INDIA TO CAUSE LOSS OF BRAIN POWER AND INFERTILITY

WHY IS BILL GATES SO MUCH INTERESTED IN THE HEALTH OF INDIANS ?

http://www.reuters.com/article/us-india-health-bmgf-idUSKBN15N13K

Instead of preventing and decreasing illness, vaccines too often have had the opposite effect, exponentially increasing illness, causing irreversible damage 

PHARMACISTS ARE SLAVE TO EVIL PHARMA..  EVIL PHARMA WANTS PHARMACISTS TO PLAY DOCTOR

http://www.dailyrounds.org/blog/indian-pharma-body-writes-to-pm-let-us-prescribe-medicines-to-help-fill-the-healthcare-gap-in-india/

http://ijprs.com/pharmaupdate/2015/09/17/pharmacists-can-also-practice-like-physicians-within-their-own-clinical-setups/

Starting in the final year of med school, EVIL PHARMA insidiously homes in on young med students, seductively wining and dining prospective physicians, showering them with GIFTS in cash and kind.

RICH DOCTORS WHO DO NOT CARE FOR MONEY ARE PROVIDED SEXUAL JAUNTS TO PLACES LIKE BANGKOK AND AMSTERDAM WHERE THEY ARE PROVIDED WITH SMALL CHILDREN TO SUIT THEIR SEXUAL DEBAUCHERY.    

ALL FUNDING IS TAKEN CARE OF BY SHELL COMPANIES

Thousands of doctors all over the planet  are on Big Pharma payroll.    Big Pharma has been pumping billions of USD  buying off politicians who no longer represent the interests of their voting public.

The cost of medicine you pay for includes the kickbacks given by Evil Pharma

Big Pharma also invests billions of dollars into advertising than any other industry .Their message – pleasure, relief, peace of mind, joy, love and happiness are all just a pill away. No problem or pain in life can’t be conquered by a quick fix - compliments of Big Pharma.

This unethical practice has been called “disease mongering.”   Drug companies today operate no different from the snake oil salesmen of yesteryear.

Big Pharma is a HUMONGOUS criminal racket

Whistle blowers have pinned down evil pharma in recent years  —  to circumvent this in a court of law , they had layered using SHELL companies

When EVIL PHARMA Pfizer got caught, they neatly shifted the blame to SHELL subsidiary Pharmacia and Upjohn who have never sold a single drug

Pfizer  agreed to $2.3 billion in fines for illegally marketing drugs like the dangerous painkiller Bextra. By law, that settlement should have also prohibited Pfizer from doing business with Medicare and Medicaid–a restriction that could have killed the company.

But Pfizer managed to do an end run around that law… and the feds actually helped.

Pfizer has a specially created SHELL COMPANY –a subsidiary– which is essentially an “imaginary friend”–just to take the rap in cases like this one.

The subsidiary, Pharmacia & Upjohn Co. Inc., was created in 2007 just to take the fall in an earlier kickback case against a Pfizer-owned company. It was used again in the  Bextra case.. Pfizer, the world's largest pharmaceutical company, was caught illegally marketing Bextra, a painkiller that was taken off the market in 2005 because of safety concerns.

http://edition.cnn.com/2010/HEALTH/04/02/pfizer.bextra/

So now, instead of Pfizer itself, Pharmacia & Upjohn Co. Inc. can’t sell meds to Medicare and Medicaid–but since this shell corporation has never sold a single pill to begin with.  Pfizer was charged with a crime -- but the company's "imaginary SHELL friend" took all the blame.

So, so --you won't hear Pfizer being charged with any crime, because it was actually Pharmacia & Upjohn Co. Inc, a Pfizer SHELL subsidiary, that took the rap.

The reputation of EVIL PHARMA remains intact..   The subsidiary is nothing more than a shell company whose only function is to plead guilty.

So so so-- Pfizer got off scot-free -- other than a fine that amounted to three months of profits -- had little damage to their reputation and still sells their drugs through federally funded programs.

President Obama declared the swine flu outbreak a national emergency, and federal health agencies urged Americans to run out and get vaccinated, or else? 

The swine flu pandemic is the greatest medicine SCAMS  of the century ... and it's another prime example of the partnership between the US government run by Jew Rothschild’s SHADOW GOVT and EVIL PHARMA.

VACCINES PUSHED INTO INDIA SERVE TO DEPOPULATE AND REDUCE BRAIN POWER

HOW DID A HORSE SERUM INSTITUTE AT PUNE START MAKING VACCINES FOR HUMAN BABIES ?

http://ajitvadakayil.blogspot.in/2015/10/autism-in-india-and-triple-vaccine-mmr.html

http://ajitvadakayil.blogspot.in/2016/03/say-no-to-hpv-vaccination-for-indian.html

WHY DO PEOPLE LIKE PRINCE CHARLES COME TO INDIA FOR A PILGRIMAGE AS IF PUNE SERUM INSTITUTE IS THE TAJ MAHAL?

http://ajitvadakayil.blogspot.in/2017/02/vaccine-induced-encephalitis-mylelin.html

DOCTORS ARE BRIBED TO DELIBERATELY MIS SPELL THE SPELLINGS OF THE MEDICINES THEIR PRESCRIBE

http://www.alternet.org/drugs/big-pharma-simple-trick-obscuring-medical-bribes

SO EAJJJJY !

MAJJA HAI

KISSI KOH KUCH NAHIN PATHA !

JUST CORRUPT THE HANDWRITING TO A CHICKEN SCRATCH WHILE WRITING PRESCRIPTIONS

http://ajitvadakayil.blogspot.in/2011/09/why-doctors-write-illegible.html

Money laundering and organized crime have become crucial concerns for financial institutions and governments around the world. Specialized governmental agencies labeled “financial intelligence units” or “FIUs” were established in countries around the world to aid in the prevention of money laundering and organized crime. They offer law enforcement agencies around the world an important avenue for information exchange

Financial intelligence (FININT) is the gathering of information about the financial affairs of entities of interest, to understand their nature and capabilities, and predict their intentions. Generally the term applies in the context of law enforcement and related activities.

One of the main purposes of financial intelligence is to identify financial transactions that may involve tax evasion, money laundering or some other criminal activity. FININT may also be involved in identifying financing of criminal and terrorist organisations.

Financial intelligence can be broken down into two main areas, collection and analysis. Collection is normally done by a government agency, know as a financial intelligence organisation or Financial Intelligence Unit (FIU). 

The agency will collect raw transactional information and Suspicious activity reports (SAR) usually provided by banks and other entities as part of regulatory requirements. Data may be shared with other countries through intergovernmental networks.

Analysis, may consist of scrutinizing a large volume of transactional data using data mining or data-matching techniques to identify persons potentially engaged in a particular activity. SARs can also be scrutinized and linked with other data to try and identify specific activity.

FININT involves scrutinizing a large volume of transactional data, usually provided by banks and other entities as part of regulatory requirements. Alternatively, data mining or data-matching techniques may be employed to identify persons potentially engaged in a particular activity.

FIU-IND is the central national agency of India responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions. 

FIU-IND is also responsible for coordinating and strengthening efforts of national and international intelligence, investigation and enforcement agencies in pursuing the the global efforts against money laundering,related crimes and terrorist financing.

FIU-IND is not a regulatory authority. Its prime responsibility is to gather and share financial intelligence in close cooperation with the regulatory authorities including RBI, SEBI and IRDA.

Many industrialized countries have regulatory reporting requirements for its financial organisations.

Examples of financial intelligence analysis could include:--- 

Identifying high-risk housing tenants on the basis of past rental histories.

Deterring tax payers trying to avoid their fiduciary obligations by moving wealth surreptitiously out of a tax-levying jurisdiction.

Discovering safe havens where criminals park the proceeds of crime.

Accounting for how a large sum of money handed to a targeted individual disappears

Checking to see if a corrupt individual has had any sudden and unexplained windfalls.

Detecting relationships between terrorist cells through remittances.

Shell companies are also involved in billing schemes, a form of occupational fraud. Occupational fraud is divided into three categories: corruption, fraudulent statements, and asset misappropriations. Billing schemes fall beneath the asset misappropriation category of occupational fraud. There are two forms of billing schemes: shell company schemes and pass-through schemes.

 In a shell company scheme, an employee, usually involved with purchasing, will create a false vendor to submit fake invoices for payment to their employer. The employer will pay the invoice assuming it was for legitimate services. The payment is then deposited into a falsified business bank account allowing the money to be accessible to the criminal or criminals.

 In a pass-through scheme, an employee will create what seems to be a legitimate business and use it to purchase goods or services from their employer. Thereafter, they mark the goods up and then sell back to their employer, pocketing the profit from the mark-up.

Red flag indicators for billing schemes include:---

• Invoices for unspecified services or “soft” billings such as consulting or advertising

• Unfamiliar vendors

• Vendors with P.O. Boxes only

• Vendors with company names consisting of initials only

• Rapidly increasing purchases from one vendor

• Vendor billings more than once a month

• Vendor addresses that match employee addresses

• Large billings broken into multiple smaller invoices

• Internal control deficiencies

• Unfolded invoices which may indicate they weren’t mailed

Fictitious service schemes are another type of scam that shell companies are connected with. A criminal will create a false company and then enter into a contract with another business offering an intangible service, such as consulting. 

When payments are received from the legitimate business for alleged consulting services, the criminals deposit the money into their own accounts. Unfortunately, fictitious service schemes are tough to take legal action against. Since a number of state agencies don’t collect enough information pertaining to company formations, it’s difficult for authorities to identify the criminal(s) for prosecution.

The asset misappropriation schemes like skimming, larceny, register schemes, and cheque tampering—all require the scheme’s perpetrator to physically take cash or cheques from his employer

Asset misappropriation scheme, is one which allows the perpetrator to misappropriate company funds without ever actually handling cash or cheques while at work. These schemes succeed by making a false claim for payment upon the victim organisation. 

This group consists of billing schemes (which attack the company’s purchasing function), payroll schemes, and expense reimbursement schemes. The most common of these is the billing scheme.

Billing schemes are a popular form of employee fraud mainly because they offer the prospect of large rewards. Since most businesses’ disbursements are made in the purchasing cycle, larger thefts can be hidden through false-billing schemes than through other kinds of fraudulent disbursements. 

There are three principal types of billing schemes: false invoicing via shell companies, false invoicing via nonaccomplice vendors, and personal purchases made with company funds.

Cheques received will be made out in the shell company’s name, the perpetrator will normally also set up a bank account in his new company’s name so he can deposit and cash the fraudulent cheques.

A person will probably have to present a bank with a certificate of incorporation or an assumed-name certificate in order to open a bank account for a shell company. These are documents that a company must obtain through the government. 

The documents can be forged, but it is more likely that the perpetrator will simply file the requisite paperwork and obtain legitimate documents from the relevant jurisdiction. This can usually be accomplished for a small fee, the cost of which will be more than offset by a successful fraud scheme.

If it is discovered that a vendor is falsely billing a company, investigators for the victim company might be able to identify the suspect company’s owner by reviewing its business registration filings, which are a matter of public record in many countries.

To avoid being detected through a records search, some perpetrators form their shell companies under another name. It is common, for instance, for employees to set up shell companies in the name of a spouse or other close relative. Male fraudsters often establish shell companies under their wives’ maiden names. An employee might also form the company under a completely fictitious name.

EXAMPLE:  An employee used a colleague’s identification to form a shell vendor. The fraudster then proceeded to bill his employer for approximately $20,000 in false services. He deposited the resulting cheques in the shell company’s account and withdrew currency through an ATM.

Another issue involved in forming a shell company is the entity’s address—the place where fraudulent cheques will be collected. Often, an employee rents a PO Box and lists it as his shell company’s mailing address. Some employees list their home address instead. A comparison of employee addresses to vendor addresses might reveal shell companies in an accounts payable system.

EXAMPLE:  A department head set up a dummy company using his residence as the mailing address. Over a two-year period, this man submitted over $250,000 worth of false invoices. Eventually, a newly hired clerk detected the scheme. The clerk was processing an invoice when she noticed that the vendor’s address was the same as her boss’s address. (By a lucky coincidence, the clerk had typed a personal letter for her boss earlier that day and remembered his address.) Had the department head used a PO Box instead of his home address on the invoices, his scheme might have continued indefinitely.

Employees often use their home addresses to collect fraudulent disbursements because many businesses are wary of sending cheques to vendors that have a PO Box for a mailing address. Other common collection sites for shell company schemes are the addresses of relatives, friends, or accomplices.

Submitting False Invoices--   Once a shell company has been formed and a bank account has been opened, the corrupt employee begins billing his employer. Invoices can be easily generated on a personal computer. False invoices do not have to be of professional quality to generate fraudulent disbursements.

Self-Approval of Fraudulent Invoices--  The difficulty in a shell company scheme is not usually in producing the invoices, but in getting the victim organisation to pay them. Authorisation for the fictitious purchase (and therefore payment of the bill) is the key. In a large percentage of shell company cases, the perpetrator is in a position to approve payment on the very invoices he is fraudulently submitting. The duties of preparing and approving vouchers should be separated to avoid this kind of scheme.

In companies where a proper separation of duties exists, the employee with approval authority sometimes creates fraudulent vouchers or purchase orders and forges the signature of the person who is in charge of preparing these documents. Then the perpetrator approves payment on the fraudulent vouchers he has generated. This makes it appear that two employees have signed off on the voucher as mandated by the victim organisation’s controls.

Not all companies require the completion of payment vouchers before they will issue cheques. In some enterprises, cheques are written based on less formal procedures, such as the submission of “cheque requests.” These requests simply list the payee’s name, the amount to be paid, and a brief narrative stating the reason for the cheque. Obviously, this is not a very sound procedure for preventing fraud. Dishonest employees have little trouble running shell company schemes in organisations that operate this way.

Negligent Supervisors---  If an employee cannot authorise payments himself, the next best thing is if the person who has that authority is inattentive or overly trusting. Negligent supervisors are often targeted by unethical employees. In some cases, supervisors are attentive to the purchase orders they are asked to authorise, but they lack the technical knowledge to spot fraud as it is happening.

For instance, a manager or administrator might not completely understand the costs associated with upgrading computer software to modernise a work area. This manager will have to rely on his subordinates who have the necessary technical expertise to determine that costs are being kept in line. The subordinates might be able to take advantage of this situation to cause the company to overpay for the equipment required to upgrade the system.

Reliance on False Documents--When an employee does not have approval authority for purchases and does not have the benefit of a negligent supervisor, he must run his vouchers through the normal accounts payable process. The success of this kind of scheme depends on the apparent authenticity of the false voucher he creates. If the perpetrator can generate purchase orders and receiving reports that corroborate the information on the fraudulent invoice from his shell company, he can fool accounts payable into issuing a cheque.

Collusion---Collusion is a type of fraud where two or more individuals agree to commit an act designed to deceive or gain an unfair advantage. Collusion among several employees is sometimes used to overcome well-designed internal controls. For example, in a company with proper separation of duties, the functions of purchasing goods or services, authorising the purchase, receiving the goods or services, and making the payment to the vendor should all be separated. If this process is strictly adhered to, it will be extremely difficult for any single employee to commit a false-billing scheme. But if several employees work together, they can overcome the internal controls of their employer.

EXAMPLE:-   A warehouse foreman and a parts-ordering clerk conspired to purchase approximately $300,000 worth of nonexistent supplies. The clerk initiated the false transactions by obtaining approval to place orders for parts he claimed were needed. The orders were then sent to a vendor who, acting in conjunction with the two employee fraudsters, prepared false invoices that were sent to the victim company. Meanwhile, the warehouse foreman verified receipt of the fictitious shipments of incoming supplies. The perpetrators were therefore able to compile complete vouchers for the fraudulent purchases without overstepping their normal duties.

Even if all internal controls are observed, at some point a company must rely on its employees to be honest. One of the purposes of separating duties is to prevent any one person from having too much control over a particular business function. It provides a built- in monitoring mechanism where every person’s actions are in some way verified by another person. But if everyone is corrupt, even proper controls cannot prevent fraud.

Purchases of Services Rather than Goods--  Most shell company schemes involve the purchase of services rather than goods. The primary reason for this is that services are not tangible. If an employee sets up a shell company to make fictitious sales of goods to his employer, these goods will obviously never arrive. By comparing its purchases to its inventory levels, the victim organisation might detect the fraud. It is much more difficult for the victim organisation to verify that the services were never rendered. For this reason, many employees involved in shell company schemes bill their employers for things like “consulting services.”

Pass-Through Schemes---  In most shell company schemes, victim organisations are billed for completely fictitious purchases of goods or services. However, there is a subcategory of shell company schemes in which actual goods or services are sold to the victim company. These are known as pass- through schemes.

Pass-through schemes are usually undertaken by employees in charge of purchasing on the victim company’s behalf. Instead of buying merchandise directly from a vendor, the employee sets up a shell company and purchases the merchandise through that fictitious entity. He then resells the merchandise to his employer from the shell company at an inflated price.

EXAMPLE:   A department director was put in charge of purchasing computer equipment. Because of his expertise on the subject and his high standing within the company, he was unsupervised in this task. The director set up a shell company in another province and bought used computers through the shell company, and then turned around and sold them to his employer at a greatly exaggerated price. The money from the victim company’s first installment on the computers was used to pay the shell company’s debts to the real vendors. Subsequent payments were profits for the bogus company. The scheme cost the victim company more than $1 million.

A CRIMINALS MIND

Forming a shell entity for illegal purposes…

---Obtain a P.O. Box with post office for company address

--- Open bank account at local bank in business name with state filed documents

--- Obtain a pre-paid cell phone to use as business phone (Cell phone carriers do not check  background information nor verify names for pre-paid purchases and services)

-- Have some inexpensive business cards made to allude that the business is legitimate; use only the name of the business, a P.O. box, and a phone number (no contact name, no logo, and no e-mail address)

-- Submit invoices to corporate accounts payable function for professional services

--- Receive payments for professional services invoices and deposit the funds into a business bank account

-- After the checks clear or based on some external event, close the business bank account, discontinue the pre-paid cell phone number from service, and close the P.O. box that you had originally set up for mailing purposes

--- Destroy any and all paperwork associated with the professional services  company

Victims in the US were threatened with tax investigation by call centre executives of these firms pretending to be officials from the IRS.

Financial records of a string of companies, being investigated by Thane police for running call centres that allegedly duped over 6,500 US citizens of at least Rs 500 crore, have uncovered shell companies with a capital of just Rs 1 lakh, and little disclosure or mandatory filings of financial and company-related details after incorporation.

The Thane police are investigating at least five firms — Iserve BPO Pvt Ltd, Lorex Impex Pvt Ltd, MAC Outsourcing Services, Tech Solutions and Call-Tech Solutions — behind the Internal Revenue Service (IRS) telephone impersonation scam through little known call centres from Mira Road in Thane district.

A detailed look at the official filings of at least three companies— IServe BPO, Lorex Impex and MAC Outsourcing Services — accessed by The Sunday Express through the Registrar of Companies (RoC), reveals a common pattern of non-disclosure of statutory documents such as annual financial reports, profit and loss statements, and board resolutions of the firms since their incorporation in 2012. 

The three companies have a paid-up capital and authorised share capital of Rs 1 lakh each.

Under the Companies Act 2013, a company and its officials can be penalised with a fine of at least Rs 50,000 or imprisonment of up to six months for not filing the annual report with the RoC within 330 days of its annual general meeting.

To escape tax investigation, many Americans agreed to pay between $500 and $60,000 in gift cards and iTunes gift cards. The call centres were allegedly making Rs 1.5 crore daily in this manner for over a year. Police have now booked as many as 700 people associated with these calls centres on charges of cheating, extortion and impersonation under the Indian Penal Code and other relevant laws.

http://indianexpress.com/article/india/post-thane-call-centre-bust-india-may-be-emerging-as-a-major-centre-for-fraud-report-4458475/

Special Investigation Team (SIT) on black money recommended proactive mining of RoC company database by government’s fraud office to weed out shell companies. This, after the SIT found shell companies were used to provide accommodation entries to launder black money in several high profile cases investigated in the recent past.

Books of shell companies are well maintained. They have their accounts audited, tax returns filed regularly and a functioning bank account. 

In most cases, directors and shareholders are unrelated persons and often untraceable. Except their identities, they have no direct stake.

THANK GOD INDIA WAS INVADED-- SUHEL SETH

https://www.zaubacorp.com/director/SUHEL-SETH/01082981

SOMEONE MUST ASK SUHEL SETH, WHAT IS HIS UNIQUE QUALIFICATION , THAT HE IS DIRECTOR IN MANY FOREIGN FIRMS.

http://www.exchange4media.com/peoplemovement/cavendish-appoints-suhel-seth-as-first-non-british-independent-director-on-its-board_30373.html

SO WHAT CRIED AN OPTIMIST —  BHAAD MEIN GAYE ANGREZ KE AULAAD ,  ZAKIR NAIKs SISTER  NAILAH IS ALSO A DIRECTOR OF 5 SHELL COMPANIES.

http://indiatoday.intoday.in/story/zakir-naik-ed-questions-sister-rs200-crore-money-trail/1/898725.html

https://www.theguardian.com/uk-news/2016/nov/25/hundreds-of-people-in-consett-co-durham-paid-to-be-shell-company-directors

WANNA KNOW WHAT PRANNOY JAMES ROY OF NDTV  WITH AN IRISH MOTHER HAS BEEN UP TO ?

https://www.pgurus.com/unending-saga-of-ndtv-frauds-prannoy-roy-wife-granted-rs-92-crores-interest-free-loan-to-themselves/

http://postcard.news/subramanian-swamy-demands-cbi-ed-probe-ndtv-prannoy-roy-barkha-dutt-sonia-singh-vikram-chandra-money-laundering-case/

WE WANT THESE NDTV BASTARDS TO GO TO JAIL !

Yesterday NDTV on Monday admitted its illegalities and wrongs committed including insider trading and decided to settle the cases by adjudication and withdrawing frivolous appeals and counter cases related to violation of Stock Exchange norms. 

This admission of guilt is informed to Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on a letter dated March 6 by NDTV.

This letter to Stock Exchanges is a clear admission of guilt by the TV channel and invites the provisions of registering cases under Prevention of Money Laundering Act (PMLA). A few days ago, NDTV received a big setback as the RBI rejected their move to compound the FEMA Notice of Rs.2030 crore.

Apart from these huge fines involving serious financial implications, NDTV has been slapped Rs.525 crores ($78.8 million) fine by Income Tax. These developments will block Prannoy Roy’s attempt to sell the channel, as Income Tax has already blocked the sale of his and wife’s shares.

PRANNOY JAMES ROYs ( UNCLE OF NAXAL LOVER ARUNDHATI SUZANNE ROY ) AND HIS WIFEs RADHIKA ROY ( COMMIE  BRINDA KARATs SISTER )---

--- MUST NOT BE ALLOWED TO FLEE THE COUNTRY LIKE VIJAYA MALLYA AND SANJAY BHANDARI. 

IF THE INDIAN GOVT OR  SECURITY AGENCIES NOT KNOW THEIR FOREIGN ASSESTS –ASK ANY RICH INDIAN  IN SOUTH AFRICA.

BCCI WAS THE DIRTIEST BANK OF THEM ALL RUNNING HUNDREDS OF SHELL COMPANIES. 

US PRESIDENT OBAMAs MOTHER JEWESS ANN DUNHAM WAS AT KARACHI BEING A MIDDLE MAN FOR BCCI BANK

In the 1980s, the Bank of Credit and Commerce International, an international bank founded by a Pakistani financier, was found to have been involved in wide-scale money laundering and other illegal financial dealings. clandestine division of the bank called the "black network," which functions as a global intelligence operation and a Mafia-like enforcement squad. 

Operating primarily out of the bank's offices in Karachi, Pakistan, the 1,500-employee black network has used sophisticated spy equipment and techniques, along with bribery, extortion, kidnapping and even, by some accounts, murder.

The black network - so named by its own members - stopped at almost nothing to further the bank's aims the world over.

The more conventional departments of B.C.C.I. handled such services as laundering money for the drug trade and helping dictators loot their national treasuries. B.C.C.I. was started in 1972 with the putative mission of becoming the Muslim world's first banking powerhouse. This Islamic thing was a mere front BCCI was a Jewish bank.

Though it was incorporated in Luxembourg and headquartered in London, had more than 400 branches and subsidiaries around the world and was nominally owned by Arab shareholders from the gulf countries, B.C.C.I. was always a Pakistani bank, with its heart in Karachi.

ALL GCC DESERT NATIONS ROYAL BLOODLINE WAS INSTALLED BY JEW ROTHSCHILD AND THEY ARE ALL JEWISH

Read all 5 parts of the post below--

http://ajitvadakayil.blogspot.in/2015/04/lawrence-of-arabia-truth-exhumed-capt.html

Agha Hasan Abedi, the bank's founder and leader until his ouster was a crypto Jew  Pakistani, as were  most of the bank's former middle managers. And it was in Pakistan that the bank's most prodigiously corrupt division was spawned. 

BCCI's criminality included fraud by BCCI and BCCI customers involving billions of dollars; money laundering in Europe, Africa, Asia, and the Americas; BCCI's bribery of officials in most of those locations; support of terrorism, arms trafficking, and the sale of nuclear technologies; management of prostitution; the commission and facilitation of income tax evasion, smuggling, and illegal immigration; illicit purchases of banks and real estate; and a panoply of financial crimes limited only by the imagination of its officers and customers.

EVERY FINANCIAL TRANSACTION BY BCCI WAS DONE BY SHELL COMPANIES

Among BCCI's principal mechanisms for committing crimes were its use of shell corporations and bank confidentiality and secrecy havens; layering of its corporate structure; its use of front-men and nominees, guarantees and buy-back arrangements; back-to-back financial documentation among BCCI controlled entities, kick-backs and bribes, the intimidation of witnesses, and the retention of well-placed insiders to discourage governmental action. 

BCCI survived for two decades because it floated on the waves of the offshore system, with key booking operations in Luxembourg and the Cayman Islands, where bank regulators couldn’t go. Its Grand Cayman "bank-within-a-bank" was just a post office box  

Obama’s mother Jewess Ann Dunham died in 1995, also at the age of 52. 

A decade after opening, BCCI had over 400 branches in 78 countries, and assets in excess of US$20 billion, making it the 7th largest private bank in the world.

B.C.C.I. the "Bank of Crooks and Criminals" for its penchant for catering to customers who dealt in arms, drugs and hot money.   Ann Dunham,  spent five years in Pakistan while working as an employee of the Asian Development Bank in 80s.   

Ann Dunham was hired as a consultant by the Asian Development Bank which was a mere front for BCCI

This ADB programme began in 1987 and ended in 1992.

BCCI BAN BECAME DEFUNCT IN 1991

From January 1981 to November 1984, Dunham worked under the cover of the Ford Foundation’s Southeast Regional Office in Jakarta.

As losses mounted,( mney siphoned off by Jews )  the BCCI bank apparently hatched a scheme to cover them up by making interest payments on loans with deposits from other customers. The idea was to deceive auditors from detecting the red ink in its loan portfolio. 

The scheme also involved offshore funds parked in lightly regulated countries that could be drawn down to patch up losses elsewhere.

And when capital was needed to absorb further losses, the bank artificially pumped up its share price by lending money to existing shareholders to buy more stock. The proceeds from the stock would help balance the bank's books, but actually the bank was merely taking depositor money and investing it in the bank.

Bankers, regulators and even some law-enforcement officials had only vague notions for years that the BCC Group S.A., the holding company for B.C.C.I. and its affiliates, was a strange and shadowy institution. 

Since the early 1980's, the company's reputation made banking officials uneasy -- a "stateless" bank that operated in the United States and about 70 other countries, chartered in Luxembourg, run by Pakistanis, owned by Arabs, headquartered in Britain and serviced by outposts in the Cayman Islands, a well-known haven for private banking—all shadow managed by Jews.

Police and intelligence experts nicknamed B.C.C.I. the "Bank of Crooks and Criminals" for its penchant for catering to customers who dealt in arms, drugs and hot money.

The documents, charges and testimony -- along with interviews with investigators, regulators and former bank officials in the United States, Europe and the Cayman Islands -- shed light on how B.C.C.I. orchestrated its elaborate fraud. But they also raise new questions about how the bank got away with it for so long. 

And unraveling the fraud is necessary to address a crucial issue: whether B.C.C.I. was a unique criminal organization or just unusually adept at exploiting the weaknesses in international financial regulation.

ONLY WELL CONNECTED JEWS COULD HAVE PULL THIS OFF

Using codenames like "Sandstorm" for B.C.C.I. and "Fork" for its Cayman Islands affiliate, called the International Credit and Investment Company,  this was THE biggest and most complex deceptions in banking history

It included phony loans, unrecorded deposits, secret files and illicit share-buying schemes -- all funneled through a global network of shell companies, friendly banks and wealthy crypto Jew princes from GCC nations to cover up the scam.

The most visible B.C.C.I. front man in the United States, according to the Federal Reserve Board, was crypto Jew Ghaith Rashad Pharaon ( he died two months ago ) a Harvard-trained Saudi businessman who has owned banks, hotels and manufacturing businesses around the world, including extensive projects in Argentina

Ghaith Pharaon is the son of the former Saudi Ambassador to all Europe from 1948 until 1954. His Jewish father was also advisor to King Faisal. Pharaon was a key player in the global oil and banking industries and at one time, the No. 2 Saudi investor in the United States.

Although Pharaon had been a wanted fugitive by the F.B.I since 1991 for Massive Fraud in the financial collapse of BCCI Bank; Pharaon was awarded a total of $120 million in contracts by the United States military in 2008 by George Bush

The BCCI bank curried favor with other prominent people through charitable donations or consulting fees, including former President Jimmy Carter and former Prime Minster James Callaghan of Britain, to lend B.C.C.I. an aura of influence and respectability.

It was the bank of convenience for people with money to hide using hundreds of SHELL companies

MUMBAI HAD A BCCI BANK BRACH AT MAKER TOWER.  

WHEN I JOINED A COMPANY WALLEM ,THEY WANTED ME TO OPEN AN ACCOUNT IN BCCI , SO THAT MY ALLOTMENT WOULD REACH FASTER. 

ONE OFFICER HAD WARNED ME THAT BCCI IS CLOSING DOWN .  

HE SAID “ AS YOU WALK PAST THE BANK TO REACH THE LIFT —YOU WILL SEE THE BEST LOOKING CHICKS AT THE ENTRANCE PRETENDING TO WORK—BUT NO WORK IS GOING ON .  

ALMOST ALL WALLEM OFFICERS LOST THEIR LIVES SAVINGS—THIS IS MONEY EARNED BY THE SWEAT OF THE BALLS AND ASSHOLE

POOR PAKISTANIS DON’T EVEN KNOW HOW JEWS FUCKED THEM SINCE 1947

Jew Agha Hasan Abedi ( pretending to be a  Shia Muslim ) was from Lucknow . He migrated to Pakistan after the independence of Pakistan in 1947.  He received his master's degree in English Literature and a Law degree from Lucknow University.

Abedi baby had worked for Habib bank before Independence —another crypto Jew enterprise.. Today Habib Bank is called HBL Pakistan is a Karachi based multinational bank. It is the largest bank in Pakistan.

Ctypto Jew Jinnah was asked by Jew Rothschild ( his master ) to start the Habib Bank in 1941 in Mumbai

Money from this bank was used to fund the All-India Muslim League's campaign for the establishment of Pakistan.

After the formation of Pakistan in 1947, Habib Bank moved its headquarters to Karachi again a joint effort of Jew Rothchild and Jinnah

At the time of his death, Abedi was under indictment in several countries for crimes related to BCCI. However, Pakistani officials refused to give him up for extradition, claiming the charges were politically motivated

Banking secrecy laws are meant to obscure offshore financial dealings

As the use of shell corporations has grown, the United States and other developed countries have attempted to crack down on them. They increasingly require banks to turn over more information about accounts held by their own citizens.

As the Mossack Fonseca case has shown, major banks Jew Rothschild controlled banks have played roles in helping their clients set up offshore bank accounts.

The Panama Papers has shone the spotlight on how the wealthy global elite evade taxes and launder money.

There is a five-storey building in the Cayman Islands which hold more than 12,000 corporations.

https://www.theguardian.com/us-news/2016/jan/18/the-cayman-islands-home-to-100000-companies-and-the-850-packet-of-fish-fingers

PM Modi is all out to RAPE corrupt people who run  shell companies .   All of them can kiss their mangy criminal assholes goodbye..   

Modi  has decided to prosecute about 10 lakh such firms and prepare an Aadhaar-based KYC registry to check future black money generation through them.

The Modi govt must create new software for RED FLAGGING.  All bank data must be backed up automatically into hard drives which must be deposited in a safe vault for elite Financial Intelligence Unit (FIU) can effectively identify their transactions and activities and alert investigators.  Pay our investigators well so that they don’t need to resort to bribes

Cases which lead to black money stashed abroad will be booked under the new anti-black money Act and the Prevention of Money Laundering Act. Passports must be impounded and long term jail terms enforced.

WE DON’T WANT THE COLLEGIUM  JUDICARY TO INTERFERE—  THESE LOSER LAWYERS TURNED JUDGES  DON’T HAVE THE CEREBRAL WHEREWITHAL TO EVEN UNDER ALL THIS FINANCIAL JUGAAD AND JHAMELA .. 

KYC IS INCOMPLETE WITHOUT AADHAR CARD INFORMATION.  

GIVE A DEADLINE , AFTER THAT INFLICT SEVERE PAIN

Shell companies, are characterised by nominal paid-up capital, high reserves and surplus on account of receipt of high share premium, investment in unlisted companies, no dividend income, high cash in hand, private companies as majority shareholders, low turnover and operating income, nominal expenses, nominal statutory payments and stock in trade and minimum fixed asset.

http://indianexpress.com/article/india/in-a-first-i-t-moves-against-entities-making-illegal-profits-via-penny-stocks-4556217/

The entire concept of shell companies is  the result of the complex corporate structure that exists in India. There is a need to simplify the entire corporate structure in terms of legal obligations.

DO NOT ALLOW COLLEGIUM JUDGES TO FRAME LAW.  THEY DON’T HAVE THE POWERS –WHAY DO WE ALLOW THIS?

RAJYA SABHA DOES NOT HAVE THE POWERS TO INTERFERE IN FINANCIAL AFFAIRS

TO BE FRANK POLITICIANS LIKE ANAND SHARMA AND CHIDAMBARAM CAN GET THE NOBEL PRIZE IF THEY WRITE A THESIS ON SHELL COMPANIES

http://ajitvadakayil.blogspot.in/2013/01/abolish-rajya-sabha-capt-ajit-vadakayil.html

Create a permanent body under Ministry of Corporate Affairs which oversees all the agencies so that a better coordination can be achieved. The IT return filing system should be simplified. Any government action must not come in the way of honest business houses.     

                                    

AFTER WE SECURE OUR DIGITAL SYSTEM ( MAKE IT HACK PROOF ) ABOLISH INCOME TAX AND GO FOR BTT

WE NEED TO NUMBER CRUCH OUR FAMILY BASES ULTRA SKILLED INDUSTRIES AND FACTOR THE RESULTS INTO THE GDP CALCULATIONS .

http://ajitvadakayil.blogspot.in/2014/11/abolish-income-tax-in-india-have.html

AMERICA AND CHINA SEEM TO BE ECONOMIC POWER HOUSES.

IN REALITY THEY ARE BEGGARS

Capt. Ajit VadakayilMarch 5, 2017 at 8:31 PM

INDIA IS THIS PLANETs NO 3 ECONOMY TODAY

NO 1 USA AND NO 2 CHINA IS AHEAD OF US ONLY BECAUSE NOBODY UNDERSTANDS REAL ECONOMICS

http://ajitvadakayil.blogspot.in/2016/06/gpi-dog-shall-wag-gdp-tail-not-vice.html

USA HAS 20,000 BILLION USD ( 20 TRILLION ) DEBT .. .

JUST CHECK OUT THE TOP LEFT HAND CORNER OF THE LINK BELOW--

http://www.usdebtclock.org/

Hey, Hilly Billy fuckin’ Yanks .. More than 15% of the U.S. live in poverty. Donald Trump is trying to do something, but Jew Rothschild traitor commies will NOT allow him…

CHINAs ECONOMY IS A BUBBLE WITH A BUBBLE – CREATED BY MAD MEN.

Chnia's debt-to-GDP ratio has soared from 148 % to more than 301 % over a decade, the kind of surge that is usually followed by an abrupt slowdown.

A big percentage of the new debt is swallowed by interest on existing loans

A big percentage of biggest Chinese firms owed more in interest than they earned before tax.

China requires more and more credit to generate less and less growth.

China is now the world’s largest economy; its banking sector is the biggest, with assets equivalent to 41% of global GDP ( on paper )

China has spent more than y $262 billion to prop up the stockmarket; $73 billion of bank loans have gone bad; financial frauds have cost investors more than $27 billion; and $805 billion of capital has left the country.

To help pump up growth, officials have inflated a property bubble. Debt is still expanding more than twice as fast as the economy.

China has a huge shadow banking sector.

Shadow banking, a term for financial agents that perform bank-like activity but are not regulated as banks---a way of circumventing government's tight controls on lending.

China has not even understood how SHELL COMPANIES are ruining their nation

Shadow financing is often called “bank loans in disguise,” because a bank is often at the core of the transaction, for example, offering an implicit guarantee for the various wealth products it sells to the non-banks it engages with.

China’s shadow financing is about 36% of GDP .

China Jan FX reserves fall below $3 trillion for first time in nearly 7 years.. While China quickly downplayed the fall below the $3 trillion level, the breach could bolster China's argument that it not deliberately devaluing its currency.

While the world's second-largest economy still has the largest stash of forex reserves by far, it has burned through over half a trillion dollars since August 2015, when it stunned global investors by devaluing the yuan.

CHINESE SLIT EYED VIEW :: Large stockpiles of reserves is not the benefit to the economy that many assume, since it results in too much Chinese currency (which the reserves have to be converted into) sloshing around, creating inflation. Falling through the $3 trillion mark - which was the level they should not fall below - does not carry that much significance

TEE HEEE !

Capt Ajit Vadakayil says --- puruse criteria relating to levels of exports, money supply and debt, China should hold a minimum of $2.6 trillion of foreign exchange reserves.

G7 NATIONS ARE ALL BEGGAR NATIONS .. THE ANNUAL G7 PHOTO IS PATHETIC – ALL BEGGAR CUNTS IN 5 PIECE SUITS , SITTING AT A ROUND TABLE—LOOKING DAMN IMPORTANT…

INDIA AND CHINA ARE NOT IN G7

I WAS IN CHINA AS SOON AS THEY OPENED THE BAMBOO DOOR IN 1986—MY SHIP DRYDOCKED IN QUINDAO –WE WERE THERE FOR MORE THAN A MONTH.

I KNOW !

INDIA IS THE THIRD BIGGEST ECONOMY ON THIS PLANET BY REAL GDP AND PPP

BY DEMONETIZATION , WE WILL NUMBER CRUNCH OUR FAMILY BASED ULTRA SKILLED INDUSTRIES AND OUR SMALL SCALE COTTAGE INDUSTRIES. THESE UNITS ARE NOT REFLECTED IN DALAL STREET NUMBER CRUNCHING

FOR DEMONETIZATION TO BE A SUCCESS THE BOTTOM MOST INCOME TAX SLAB MUST BE RAISED--NOBODY IN INDIA HAS THE FUCKIN' BRAINS TO TELL MODI THIS

OTHERWISE THE POOR WILL GO BACK TO HIDING THEIR HARD EARNED MONEY --AS BEFORE.

CONTINUED TO 2-

Capt. Ajit VadakayilMarch 5, 2017 at 8:32 PM
CONTINUED FROM 1-

THE POOR WANT TO BE HONEST--ALLOW THEM.

SECURE OUR DIGITAL BANKING SYSTEM. HIKE SALARIES OF THESE PEOPLE WHO DO IT.

PM MODI---DO NOT HAND OVER THE KEYS OF BHARATMATAs BED ROOM AND TOILET TO ROTHSCHILDs BANKS AND INSURANCE COMPANIES..

BY SWIPING A CARD, FOREIGN ZIONIST JEWS AND THEIR AGENTS MUST NOT BE ABLE TO MAKE MONEY OUT OF THIN AIR.

JEWS LOVE TO SIT SOMEWHERE AND ALLOW DOLLARS TO FALL ON THEIR HEADS WITHOUT WORKING. THIS SHYLOCK/ FAGIN THINGY IS PROGRAMMED IN THEIR DNA

MODI-- DO NOT GIVE BANK LOANS TO PEOPLE LIKE TATA ( GLOBAL CITIZENS WITH NO FEELINGS FOR BHARATMATA/ WATAN ) WHO USE IT TO REVIVE DEAD INDUSTRIES IN WHITE MANs LANDS --TO GIVE THEM SALARIES AND PENSIONS--AS WAS DONE AT CORUS BRITAIN

IN DUE COURSE INDIA MUST ABOLISH INCOME TAX. DIGITIZATION IS JUST THE FIRST STEP.

IF YOU SPEND --YOU PAY

FOR THIS TO TAKE OFF 2000/ 1000 / 500 RUPEES NOTES MUST BE WITHDRAWN FROM INDIA.

ONLY 100/ 50/ 20 AND 10 DEMOMINATIONS MUST EXIST. THE EXTREME POOR MUST BE KEPT OUT OF THE BANKING TRANSACTION TAX THINGY.

http://ajitvadakayil.blogspot.in/2014/11/abolish-income-tax-in-india-have.html

"DO NOT ALLOW ROTHSCHILDS BANKS/ INSURANCE HOUSES TO CONTROL THE FORTUNES OF INDIA"-- I WARN --

PM MODI--READ ABOVE LINE A 1000 TIMES

Capt ajit vadakayil
..

Panama Papers leak gave us a glimpse of the notoriously secretive Central American law firm Mossack Fonseca – which exposed 12 current and former world leaders and 29 Forbes-listed billionaires.

Mossack Fonseca,  has branches in Hong Kong, Miami, Zurich and more than 35 other places around the globe.

A U.S. businessman convicted of traveling to Russia to have sex with underage orphans signed papers for an offshore company while he was serving his prison sentence in New Jersey, the records show.

The records show soccer star Messi and his father were owners of a Panama company: Mega Star Enterprises Inc. This adds a new name to the list of shell companies known to be linked to Messi. His offshore dealings are currently the target of a tax evasion case in Spain.

Whether they’re famous or unknown, Mossack Fonseca works aggressively to protect its clients’ secrets. In Nevada, the records show, the law firm tried to shield itself and its clients from the fallout from a legal action in U.S. District Court by removing paper records from its Las Vegas branch and having its tech gurus wipe electronic records from phones and computers.

http://www.swissfinancialyard.ch/en/shell-company-in-switzerland/

The leaked files show the firm regularly offered to backdate documents to help its clients gain advantage in their financial affairs. It was so common that in 2007 an email exchange shows firm employees talking about establishing a price structure — clients would pay $8.75 for each month farther back in time that a corporate document would be backdated.

The firm added that the backdating of documents “is a well-founded and accepted practice” that is “common in our industry and its aim is not to cover up or hide unlawful acts.”

The firm said it couldn’t answer questions about specific customers because of its obligation to maintain client confidentiality.

The 2.6 terabytes of data — 11 million documents including emails, bank accounts, client records from all the way back in 1977 — give details of persons who made use of the “trust services” offered by Mossack Fonseca to set up shell companies, presumably for stowing away ill-gotten wealth in offshore tax havens (wealth that could be on the level, or accumulated by money laundering or other corrupt practices).

From its base in Panama, one of the world’s top financial secrecy zones, Mossack Fonseca seeds anonymous companies in Panama, the British Virgin Islands and other financial havens.

 Several other celebrities find dubious mention, including sportsman Lionel Messi, film personalities Amitabh Bachchan, and Jackie Chan.

.Some 600 Israeli companies and 850 Israeli shareholders are listed in the leaked documents of Panamanian law firm Mossack Fonseca

To obtain “White Listed” status, recognized by the G8, the G20 and others, an offshore jurisdiction must proclaim:-

1 – We are a sovereign state of absolute transparency. That means, we accept the fact that there is no legitimate argument whatsoever in favor of anonymity.

2 – We do not sell bea rer shares. All anonymous shell companies, trusts and IBCs are immediately invalid. Former holders will have to reapply to own the new form of IBC.

3 – The new, fully transparent IBC provides that beneficial owners must have a stake in the island. Among other things, beneficial owners employ a local company formation agent, a local lawyer, locally accredited accountants, local nominee directors and have a local office. No companies in the jurisdiction have been or can be formed by foreign company formation agents, nor are foreign based nominee directors permitted. Furthermore, all of these new IBCs have a banking relationship on the island, and meet fair but serious capital requirements. Only Class A (onshore) and Class B (offshore) banks are permitted and in both cases, the treasury is physically present on the island.

4 – No licenses are granted for online gambling. Sports betting, with reputable firms, is considered on an ad hoc basis but, then, only as long as their servers are on the island. These companies have also hired local directors for oversight and meet fair but serious capital requirements.

5 – Local directors are held responsible for failing to take sufficient steps to prevent money laundering, fraud, mis-invoicing, and/or other crimes. We demand strict requirements for enhanced due diligence and violators are subject to prosecution.

6 – Inquiries by competent law enforcement or judicial authorities are answered and fully met.

7 – We maintain an active and up to date database of beneficial owners. There is a second, active and up to date database of shareholders. Both databases are publicly available. That’s because we believe that corporations and corporate rights and privileges are granted by the state. It is only right and proper that the public knows to whom the state has, in their name, given those rights and privileges.

8 – All locally licensed entities file reports, similar to SEC form 8K, to announce major events that regulators should know about. Failure to do will result in an immediate revocation of the company’s license.

9 – No activities, even subsidiary activities, take place in FATF and/or CFATF blacklisted jurisdictions.

10 – Subsequent to a court order, assets of companies suspected of illegal activities are frozen. In the event of conviction, all assets are confiscated and civil proceedings begin immediately to assess damages.

The DR Congo lost out on $1.3 billion or twice the country’s health and education budgets when key mining assets were sold off extremely cheaply to anonymously-owned British Virgin Island (BVI) companies.

In 2004, a former Kenyan anti-corruption advisor, John Githongo, blew the whistle on a massive Kenyan corruption scandal, that became known as the ‘Anglo Leasing’ affair, after the name of one of the BVI companies involved.  The scandal cost the country nearly $1 billion.

The ex-Nigerian oil minister, Dan Etete, awarded a lucrative oil block to an anonymously-owned company, that later turned out to be owned by himself.  The money from the deal was distributed to BVI companies.  The ex-President of Nigeria, Sani Abacha used the pretence of fake national emergencies to steal more than $2 billion from the country.  The money was held via BVI, Jersey and other companies.

The ex-Prime Minister of Pakistan, Benazir Bhutto, and her husband are accused of having received kickbacks from gold import licenses via a BVI company that was secretly owned by Bhutto’s husband.  It has been reported that Bhutto and her husband stole over $1 billion from the country.

Ringfencing occurs when a portion of a company's assets or profits are financially separated without necessarily being operated as a separate entity

A ring fence is a protection-based transfer of assets from one destination to another, usually through the use of offshore accounting.  It is meant to protect the assets from inclusion in an investor's calculable net worth or to lower tax consequences.

During the 70s, Panama officially adopted what has now become the standard tax haven model based on a process known as “ring-fencing,” which involves exempting foreign investors and their international business companies from taxes, enforcing strict banking secrecy laws, and offering competitive incorporation laws. 

The revised legislation led foreign investors to flock to Panama and there, the financial services sector boomed.

The Saudi royal family members have erected high walls around their palaces, bought overseas assets with shell companies, used intermediaries for large investments and demanded nondisclosure agreements from employees.

The great strength of a shell company is that it can shield its owner’s identity.

Tracing illicit funds to a shell’s bank account is of little use if you cannot identify the individuals who control it. 

Though Kerala is one of the best-banked States, there exists a strong parallel illegal credit system, too.   These ‘blade companies’ charge extremely high rates of interest, often ranging from 150 per cent to 300 per cent a year.   These companies often employ goondas to recover money from the borrowers. Many murders, lynching and suicides are linked to these companies.

http://www.deccanchronicle.com/nation/in-other-news/070616/loan-sharks-out-as-operation-kubera-goes-to-sleep-in-kerala.html

THIS POST IS NOW CONTINUED TO PART 14 BELOW--

http://ajitvadakayil.blogspot.in/2017/03/shell-companies-for-money-laundering_8.html

CAPT AJIT VADAKAYIL
..