Opinion: Before PM Cameron of the UK blames others on Corruption, maybe time to claim blame for the fueling money in UK based tax-havens like the BVI?
“We’ve got some leaders of some fantastically corrupt countries coming to Britain… Nigeria and Afghanistan, possibly the two most corrupt countries in the world,” – David Cameron on the 10th May 2016 at the Anti-Corruption Summit in London, UK
David Cameron, the United Kingdom Prime Minister said the one day that Nigeria and Afghanistan was fantastically corrupt. That might be true. But I will write today, because of the bliss arrogance of the United Kingdom, why trying to play the higher moral background and their own actions that opens up for these activities.
It is easy to shoot at dragons, because they are big and visible, they are flying and looking likes a monster. There is easy to shoot, what is worse is to actually kill, that is why we have legendary tales of knights killings dragons and taking control of them. That is why they have existed in our novels and stories as they are bigger then elephants and more powerful as well, as they could control villages with fire. So with that in mind; when I discuss the matter of Corruption, it is a dragon and it burns as these wealthy companies and world leaders have power to silence people who writes about it or sack the editors behind it.
So the United Kingdom, the British, the luxurious capital of London and Financial Centrum of the City of London is vital in their economy as the accepted rich and wealthy immigrants of oligarchs and daughters of despots are welcomed with open arms as the town and even football clubs like Chelsea Football Club is bought by one of them, Roman Ambramovich who bought Chelsea back in 2003 and after that have spoiled the club with Russian oil money. So the United Kingdom have complained when rich people use questionable funds in their territory, as it was not made by bad deals and trades in Swindon, but in middle of Siberia or anywhere else.
That is why I am bit late to plate, I know, but that PM Cameron, should watch his mouth more closely is that the Panama-papers shows that vast amount of money are going from all around the world to British Tax-Havens, that in the midst of that gives back shillings to his tax-coffers, small the contribution might be, it is still there instead of where the money was earned or moved from in a sophisticated layered Limited Liability Company (LLC) that are based in Nigeria, but have the Headquarters in British Virgin Island (BVI), still the owner is living in Lagos. So the money is funded through the BVI account and the profits ends in the hands of owner; instead of paying proper tax to the Federal Inland Revenue Service (FIRS)
Like even Zimbabwean Companies like Randa Two Limited and Randa Three Limited are registered in BVI, and that is a country with nonsense economy and where the central government controls it all, even with sky-high inflation and massive corrupt state official; still the BVI have no problem accepting their money.
You have even controversial businessman from Togo, Prasad Motaparti through the company Ballyward Limited who is registered in the BVI, where the money is sent from an address in Lome in Togo through this postbox into the account of the company in the BVI. So surely the money Mr. Motaparti has earned either in Mining or other in Togo is susceptible actions.
When PM Cameron of UK have a problem with the corrupt and embezzlement in Nigeria, as he claims, still his nation under the BVI still accepts for instance the Account under the Goldflow Group Limited with the Stakeholder Manjit Singh Lit. It was a working company from 2009-2011, but it shows the heritage of cash-flow to the BVI with links from Nigeria. One that is current and own partly by one of the greatest companies of Zenith Nominees Limited and Zenith Secretaries Limited that runs a company in the BVI named KENMEAD Investment Company. So these stakeholders hold money in BVI through the KENMEAD Investment Company, which is proof of the connection between UK and Nigerian money.
I could have gone on, I don’t have the tallies or numbers on the connection between the Companies sending money from businesses in countries that are corrupt and transferring them through procedural business-models that securing tax-evasion in the BVI. The BVI is a part of UK, which means under the jurisdiction of PM Cameron, who claims that other leaders are corrupt. That might be true, but he has tool in his pocket where these leaders can unleash their corrupted and embezzle state funds. Therefore that he crassly addresses other leaders, he should walk more careful when he is responsible for a Tax-haven. He has himself even been caught with having funds in company in a Tax-haven. So the “do what I say, not what I do” is an ordinary politician of our time.
So if PM Cameron is serious… and wants to combat corruption he should stop the ability to fund monies through the British Tax-Havens as the companies and rich leaders they use these to secure the money without nearly paying any tax, while securing less funds for the corrupt countries. These leaders have no moral high-ground only greed, so to stop the ability inside British territory would be a serious action as the BVI is used as tool by these rich embezzlement kings and queens, by the ones who are involved in countless graft and acting corrupt. The corruption is activities to secure tenders and mask money from the corporations and state funds. This is then transferred through sophisticated transferred made by Lawyers and into second and third companies who then fuel the money back to the stakeholder without the ordinary tax on the profits of the transactions. So the corrupt are using these shell companies in the BVI.
So as long as Prime Minister David Cameron is in charge he can decide and make the House and Parliament of United Kingdom to amendment of laws and determine to create other kind of practices than the ones that are happening now in BVI. As the BVI is like this:
“The British Virgin Islands are an internally self-governing overseas territory of the United Kingdom. The United Nations Committee on Decolonization includes the islands on the United Nations list of Non-Self-Governing Territories. The Constitution of the Islands was introduced in 1971 and amended in 1979, 1982, 1991, 1994, 2000 and 2007. Executive power is exercised by the government. Legislative power is vested in both the government and the House of Assembly. The Judiciary is independent of the executive and the legislature. Military defence is the responsibility of the United Kingdom” (BVI.org).
So even if it is self-governing territory, it is still under the United Kingdom; the legislature is the responsibility of the United Kingdom, that falls in the hands of PM Cameron and where he does his day job as elected official and as an Prime Minister, he is the ones together with the other elected representatives makes the laws that are the legislature in the BVI. So if David Cameron have heart and serious about cracking down on corruption then he should start to clean up his own shop. Start with BVI and then the other Tax-Havens! Peace.