The Guardian Discovers Aliyev Family’s Hidden Offshore Cash

THE GUARDIAN DISCOVERS ALIYEV FAMILY’S HIDDEN OFFSHORE CASH

April 4, 2013 – 17:00 AMT

PanARMENIAN.Net – A local construction magnate, Hassan Gozal, proved
to control entities set up in the names of Azerbaijani President
Ilham Aliyev’s two daughters.

Millions of internal records have leaked from Britain’s offshore
financial industry, exposing for the first time the identities of
thousands of holders of anonymous wealth from around the world, from
presidents to plutocrats, the daughter of a notorious dictator and
a British millionaire accused of concealing assets from his ex-wife,
The Guardian reported.

The leak of 2m emails and other documents, mainly from the offshore
haven of the British Virgin Islands (BVI), has the potential to cause
a seismic shock worldwide to the booming offshore trade, with a former
chief economist at McKinsey estimating that wealthy individuals may
have as much as $32tn (£21tn) stashed in overseas havens.

In France, Jean-Jacques Augier, President Francois Hollande’s campaign
co-treasurer and close friend, has been forced to publicly identify
his Chinese business partner. It emerges as Hollande is mired in
financial scandal because his former budget minister concealed a
Swiss bank account for 20 years and repeatedly lied about it.

A local construction magnate, Hassan Gozal, proved to control
entities set up in the names of Azerbaijani President Ilham Aliyev’s
two daughters.