That's the obvious conclusion of this morning's Panama Papers story, showing that former Kazakhstan Prime Minister Akezhan Kazhegeldin appears to be using a New Zealand trust to secretly control his looted assets. Kazhegeldin was convicted of corruption after he left office, and he failed to convince even his criminal lawyers, Mossack-Fonseca, that his money was honestly acquired, so there's a strong case that the assets controlled through his New Zealand trust are proceeds of crime. Which invites the question: why doesn't the New Zealand government seize them under the Criminal Proceeds (Recovery) Act 2009? Or are asset forfeiture laws only for the little guy, not for corrupt former politicians?
Monday, May 30, 2016
New Zealand is a haven for corrupt money
Posted by
Idiot/Savant
at
5/30/2016 12:25:00 PM
Labels:
Corruption,
Kazakhstan