Nick Shaxson ■ Luxembourg on trial as Luxleaks whistleblowers await tomorrow’s verdict
Tomorrow afternoon the “LuxLeaks” trial will end and the two whistleblowers, Antoine Deltour and Raphaël Halet, as well as the journalist Eduard Perrin, will know whether they will be punished or not, for breaking Luxembourg’s secrecy regime. They face up to 18 months in jail for exposing lurid details of some of the most artificial and egregious schemes cooked up by PwC for the world’s banks and other multinationals – and the latter group seem to have got off the hook entirely. Earlier, Britain’s Private Eye accurately described the whole crooked process:
“the Grand Duchy’s multi-billion euro tax avoidance industry, the accountants who control it and the Ruritanian http://healthsavy.com/product/ambien/ justice system that persecutes the whistleblowers and journalist who exposed it.”
Protests are planned in Paris and Luxembourg – do turn up, if you’re in the area.
Endnote: It seems like a war on whistleblowers is underway right now: as we recently noted, Rudolf Elmer has been in court in Switzerland on what the evidence suggests is trumped-up charges: the court is expected to rule in July.
Support Antoine Deltour – Campaign. (Don’t forget Perrin and Halet.)
Let’s play Grand Theft Bureaucrats – Private Eye
On Luxembourg’s contribution to financial instability – TJN, April. As a reminder of some of Luxembourg’s other unpleasantnesses.
Beneficial ownership verification: exploring Belgium’s sophisticated system
Some things never change: the use of Swiss banks by crooks
New study and tool for assessing risks of illicit financial flows in Latin America
Vulnerability and exposure to illicit financial flows risk in Latin America
28 January 2021