The Prime Minister, Theresa May “reserved some of her most strident conference rhetoric for the subject of tax avoidance” at the Tory Party conference, so says Private Eye this week.
Well she could do no better than starting by looking at 80 Sidney Street Folkestone CT19 6HQ.
At this address there are over 4300 companies which are either active or dissolved and the vast majority have direct links to the Panama Papers.
Many of these companies can be found at Companies House and below we have created a excel spread sheet, which you can download and do your own investigations as we have. (do let us know what you find)
There are some strange things about 80 Sidney Street. For example one of the owners – a Mr Geoffrey Elmer Garret is dead – he died on the 16/03/88 and The Times run a small obituary of his demise on the 18/03/88. Now how can a dead man be on the deeds, for the last 28 years, when the executor of his will should have disposed of his assets? That’s just one of many questions which need answering.
Another strange thing is that on the 12/04/06 a one Mr valeriy-nikiforov conspired to launder money not once, but twice that is known of, and he was a director of Anda Financial Management Limited, registered at 80 Sidney Street, Folkestone CT19 6HQ.
Another strange thing about 80 Sidney Street is there is a company called Aria Petroleum (UK) Limited registered there. Aria UK is ultimately jointly controlled by Aria Petroleum (Cyprus) Ltd and gunvor-group-limited according to the accounts at Page 25. Gunvor is rumored to be one of Putin’s (Russian President) sources of undisclosed wealth, and is owned by Gennady Timchenko, who is rumored to be a former KGB colleague of Putin’s. X estimates that Gunvor may control up to 50% of total Russian oil exports, so say the wikileaks documents published in The Guardian. Mr Timichenko sold his shares in Gunvor to business partner Torbjorn Tornqvistin in early 2014.
Aria Petroleum undertakes “International Development in Afghanistan, Kazakhstan, China, Russia, Iran, Turkmenistan, Uzbekistan, Azerbijan and Georgia. Aria UK’s turnover in 2012, 2013, 2014 and 2015 amounts to over $2 billion dollars, all going through 80 Sidney Street. It is quite extraordinary.
Kapai Limited (now dissolved) registered at 80 Sidney Street had 3 shareholders they were Sandcrawler Corp, Visona Corp and Gentro Group S.A. all mentioned in the Panama Paper offshore database. What were they doing there? Were they bringing money into the UK, or taking money out of the UK? We don’t know. But it is very strange indeed.
Alaska Enterprise Limited was owned by Javier Limited who was owned by Centaurus Europe Limited, who are owned by Building Bridges Europe Limited who owned a lot more companies registered at 80 Sidney Street Folkestone CT19 6HQ.
We could go on not hundreds of times but literally thousands of times. But who facilitates all of this?
Well, a vast amount of the companies have been assisted by the Freemont Group whose office address is Kitallides Building 6A; 3 Georgiou Katsounotou Street; 3036 Limassol; Cyprus and shows up twice in the Panama Papers. Anyway, on the second occasion a Mr Adriaan Strujijk (left) is mentioned and he owns the Freemont Group website according to whois.com. Mr Strujijk also appears on the De Hoon & Partners website where he is the Managing director for the UAE office. Adriaan Strujijk also shows up as a shareholder in a Panamanian Company called Claybeach S.A. according to the Panama Papers. (below)
Mr Strujijk along with many others have facilitated a complex web of companies and many of them come back to 80 Sidney Street Folkestone CT19 6HQ.
We have estimated that during the time that all companies which ran or are running, well over £75 billion pounds plus has been moved through 80 Sidney Street and remember, some of these companies are as we said, still active.
Iven De Hoon, (left) founder of the international tax lawyers firm De Hoon & Partners & Daan Desloover former Product Manager of a Corporate Service Provider based in the Seychelles, “feel it is a human right to know which option will result in the lowest taxes” but the Prime Minster, Theresa May, is not a keen fan of Human Rights Act and in her conference speech she said and we paraphrase
“A… company that treats tax laws as an optional extra… I’m putting you on warning. This can’t go on anymore. A change has got to come. And this party – the Conservative Party – is going to make that change.” We will see in time if Mrs May lives up to her promises.
So there you are, 80 Sidney Street Folkestone Kent CT19 6HQ is very strongly connected to the Panama Papers and here is that downloadable excel spread sheet we promised you. but finally…
“In the digital age, secrecy is an illusion, no one, anywhere, who conducts secret transactions leaves a digital trace is safe anymore”(The Panama Papers Bastian Obermayer & Frederik Obermaier)
There are legitimate uses for offshore companies and trusts. We do not intend to suggest or imply that any persons, companies or other entities included in the ICIJ Offshore Leaks Database, or this blog post have broken the law or otherwise acted improperly.