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In 2016, this blog highlighted that Dermot Desmond, current controller of Celtic PLC, was also the 33.1% owner of the Latvian bank, Rietumu Banka, that was found to have committed money laundering offences moving money for Russian Oligarchs. https://footballtaxhavens.wordpress.com/2016/07/07/fit-proper-dermot-desmond-owns-33-of-latvian-bank-reported-fined-for-money-laundering-and-tax-avoidance/ An additional post in 2018 highlighted that Rietumu Banka was providing services for those Russian Oligarchs … Continue reading
Recently with sanctions being placed on Russian businesses due to Russian occupation of Eastern Ukraine, the annexation of Crimea, the Skripal ‘Novichok’ poisoning affair just this week the EU Commissioner has been warning about the use of Golden Passports/Visas to gain access to the EU. These are being used by Russian, Chinese, Ukrainian and Central … Continue reading
Sergei Magnitsky Want to know what happens in Russia if you challenge the authorities then read Bill Browder’s book Red Notice. Bill Browder started a Hedge fund, Hermitage Capital Management to take advantage of the wild east of Russia’s public asset carve up after Yelstin then Putin took over from Gorbachev. Unfortunately his fund’s wealth … Continue reading
Labour Party Triangle is like the Bermuda Triangle where public subsidies are milked and disappear. One corner of the triangle, the Labour controlled Glasgow City Council has been damaged but may be only some replaced with like minded SNP suits. However The Co-operative ‘Ethical’ Bank will not be reincarnated as the funder of this triangle. … Continue reading
This Intellinews report on April 18 2016 from earlier this year describes a French tax evasion scheme using a Latvian bank called Rietumu as well as, in general, highlighting Latvian bank usage in money laundering especially for Eastern European/Russian clients. More detail below. Dermot Desmond’s Shareholding in Latvian Rietumu Bank Who should turn up as 33.11% owner of Rietumu … Continue reading
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