Panama Papers: has Belgium helped rich Russians evade taxes?

The banking group ING Belgium may have helped rich Russians to avoid taxes, dexterity and report de Tijd after consultation leaked documents. “We have questions about the technical constructions concerning off shore companies”.

ING Belgium allegedly cooperated with an office in Geneva. This was to set up constructions with offshore companies in Panama and the Virgin Islands, Lars Bové of De Tijd explains. “This also happened quite recently. Behind the companies were rich Russians. We have questions about this, because banks should be very careful in the fight against money-laundering. The combination of wealthy Russians and offshore constructions should trigger an alert with banks, we believe.”

Could it be that ING didn’t know who was behind the construction? “Everyone should know which type of client he is dealing with, especially in this case”, Bové says.

The author: Michel THEYS

Michel Theys, a Belgian native, began his career as a civil servant, serving the public for several decades. After retirement, he shifted gears to follow his passion for journalism. With a background in public administration, Theys brought a unique perspective to his reporting. His insightful articles, covering a wide array of topics, swiftly gained recognition. Today, Michel Theys is a respected journalist known for his balanced and thoughtful reporting in the Belgian media landscape.

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