Friday, 2 December 2016

Revealed: Coutts managed tax haven firms for controversial clients

Revealed: Coutts managed tax haven firms for controversial clients

Coutts, the taxpayer-owned bank, provided offshore services to controversial clients including a member of the Brunei royal family accused of stealing billions from his own country, and a banker charged with assisting the sons of Egypt’s deposed president, Hosni Mubarak, in financial crime. Known as the Queen’s bank after its most famous customer, Coutts is revealed to have managed secretive tax haven structures for the Sultan of Brunei’s younger brother, Prince Jefri Bolkiah, and the investment banker Hassan Heikal.
Read more: https://www.theguardian.com/world/2016/dec/01/revealed-coutts-bank-managed-tax-havens-high-risk-clients-jefri-bolkiah-brunei-panama-papers?source=Snapzu

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