Panama papers – Brazilian politician

RNZ has more on Panama papers revelations.

Brazilian politician used NZ company to hide wealth (audio)

Disgraced Brazilian politician Eduardo Cunha has used a New Zealand company to hide his wealth in secret bank accounts, in the latest from the Panama Papers investigation.

Disgraced Brazilian politician hid money through NZ firm

A controversial and disgraced prominent Brazilian politician accused of taking millions of dollars in bribes used a New Zealand company as part of a complex arrangement to hide his wealth in secret bank accounts.

Eduardo Cunha, the suspended speaker of Brazil’s lower house of Congress, used a New Zealand trust company run by people featuring prominently in the Panama Papers and tax haven organiser Mossack Fonseca, to hide millions of dollars in bribes involving the state-run oil company Petrobras.

Mr Cunha was suspended for obstructing the official inquiry into the corruption scandal and his notoriety in Brazil is such that he’s been likened to the fictional corrupt US politician Frank Underwood, featured in the television series House of Cards.

The New Zealand link is PVCI New Zealand Trust, set up in July 2008 by a Panamanian company of the same name.

Law firm Cone Marshall linked to disgraced Brazilian politician (audio)

The New Zealand law firm Cone Marshall has been involved with yet another case that’s been revealed by the Panama Papers – this time its a disgraced prominent Brazilian politician.

Panama Papers NZClick here for full coverage

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11 Comments

  1. Blazer

     /  31st May 2016

    just the tip of the Iceberg,a Cork floating on an ocean of misfeasance.When they pull the pants off this mess,the brown stench will filter through and contaminate the enablers.

    Reply
    • Pete Kane

       /  31st May 2016

      I agree Blazer. And for those in ‘disbelief’ – a quick look at the rallies and small town meetings throughout (not just street agitation) of Europe and the Americas (all of it).

      Reply
    • Joe Bloggs

       /  31st May 2016

      I’m disappointed, Blazer… you’ve barely managed 3 mixed metaphors there and you’re still almost intelligible…

      Reply
  2. Alan Wilkinson

     /  31st May 2016

    “Yet another case” Remind me of the others? Out of the thousands of documents?

    Panama Papers – struggling to amount to a molehill.

    Reply
    • PDB

       /  31st May 2016

      Well there was that NZ Green party donor? What about red cross who were named and therefore must be suspect? Or that NZ Green MP with the obviously ‘dodgy’ overseas trust?

      Reply
  3. PDB

     /  31st May 2016

    Reply
  4. Nelly Smickers

     /  31st May 2016

    This sort of thing makes we wish I never had a Brazilian now :/

    Reply
    • Alan Wilkinson

       /  31st May 2016

      So long as he wasn’t a politician you are probably ok, Nelly.

      Reply
      • Gezza

         /  31st May 2016

        Donald Rumsfeld briefed the President this morning. He told Bush that three Brazilian soldiers were killed in Iraq. To everyone’s amazement, all of the colour drained from Bush’s face, then he collapsed onto his desk, head in hands, visibly shaken, almost whimpering. Finally, he composed himself and nervously asked Rumsfeld to explain “How many millions in a brazillion?”….

        Reply

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