Panama Papers: Multiple Clients Foreign Domiciled in Indonesia

Panama Papers: Multiple Clients Foreign Domiciled in Indonesia

Panama Papers: Multiple Clients Foreign Domiciled in Indonesia

Less than 24 hours to the public began to have access to client data leaks Mossack Fonseca who last month took the world as Panama Papers. Global consortium of investigative journalists (ICIJ) will release data shows 200 thousand shell companies, including those established by the Indonesian citizens in some countries tax havens.

Incorporated in Panama Papers project investigation, found that a number of facts about clients Mossack Fonseca from Indonesia. So far, the new-found 844 individuals who live in this country in Panama Papers.

But that number may still increase because the new count the owners or shareholders. Need further investigation to 2.6 terabytes of data Panama Papers to uncover the existence of Indonesian nationals were listed as directors in the company's board or the mailbox. This position is usually done to obscure the fact that they actually are shareholders.

Interestingly, the data do not indicate the name of all clients are citizens of Indonesia. Most of it has a foreign name, but domiciled here.

It is uncertain whether they had switched citizenship. Clearly they stayed in a number of apartments or luxury housing in big cities. There is also in Sorong, someone with a foreign name to include the address of residence in the complex of Pertamina in the formation of a company in the Republic of Seychelles, an island country in the Indian Ocean just off the east coast of Africa.

Executive Director of the Center for Indonesian Taxation Center Justin Prastowo believes a number of foreign names are foreign nationals who work in law firms, tax consultants, or investment funds. It is also possible, he said, they are an agent or intermediary for a multinational institutions.

Justin also indicated that many foreigners would only serve as a nominee to hide the real owners of capital. "These facts should be a concern if the government is serious about following up on Panama Papers," said Justin, Monday, May 9, 2016.

Other facts show most of the clients Mossack Fonseca in Indonesia, or about 719 people, living in Jakarta. The rest are scattered in 20 other cities or counties, ranging from Banda Aceh to Sorong.

Panama Papers Indonesia [nasional.tempo.com]

ICIJ will release data on the website of the Panama Papers http://www.icij.org Monday at 02.00 noon Washington time, the United States, or Tuesday next morning, around 01:00 West Indonesia Time. Deputy Director of the International Consortium of Investigative Journalists, Marina Walker Guevara, said that not all the data Panama Papers-which amounted to 11.5 million documents will be displayed. "We only serve the most basic information from a company,"

The database is intended be a company name following its shareholders. The variety of bank account records, financial transactions, electronic mail, passport, phone numbers, and other correspondence related to the individual and the corporation will not be published.