Panama Papers – Caribbean Billions And a German yard group
The Panama Papers focus again dubios Caribbean Billions
by Earl of Cruise
Panama Papers and a German Shipbuilder
Not since the publication of the Panama Papers, a German yard group got dubios money transfers – the WADAN YARDS and his former owner the Russian Billionaire Andrei Burlakow got into sight of the German tax police. Burlakow, with connections to the Russian Maffia died by the bullets of a hitman. Prior to his shooting Bulakow sold his German entity, the WADAN GROUP, in 2009 to Igor Yusufov – his investment company FLC West.
Vitaly Yusufov, courtsey from ex NORDIC YARDS
Jussufow is an ex minister and GASPROM board member. WADAN became NORDIC YARDS and would be run by the son Vitaly Yusufov. It had been haggled, money shifted and cashed … employees had the dead end – unemployment.
in June 2015, the HypoVereinsbank reported in a money laundering display flashy money flows in favor of NORDIC YARDS. Investigators discovered a credit of 20 billion €. The client was PROSAL INVESTMENT LIMITED, based in Tortola, British Virgin Islands. According to the purpose of payment it was a loan agreement. Another payment was made in June 17th with 8.5 billion €. Where the money was from, could not be determined. PROSAL is a shell company.
In Oslo the special police department got active and did a research on behalf of money laundry of WADAN as well NORDIC.
MATTHIAS THEISEN WERFT, then NORDIC Yards, now owned by GENTING HOLDING
Since 2015 NORDIC was under the new German chapter of bankruptcy and its future rather uncertain, when GENTING HOLDING steped in and purchased the reminders of NORDIC, which once had been a well reputated German and Eastern German shipbuilders. The once MATTHIAS THEISEN WERFT did build the TARAS SHEVCHENKO class vessels for example. The 2nd and 3rd AIDA newbuilds have been constructed there. GENTING payed 230 billion € for the yards in Wismar, Rostock and Stralsund.
Lim Kok Thay, courtsey from GENTING
GENTING now owns this yards where they can build their vessels with now chance of rejecting, when the order books will be full in international market. Further the money to build a vessel will be payed within their own house.
Investigations will go on, but will not involve GENTING, and bring calm waters to the sufering region of nothern Mecklemburg Vorpommern and new employments. The time of fraud business and money laundry seems over.