Despite the ISIS invasion of Iraq, Ericsson put pressure on employees and contractors to get the Peroza Project done. Affan got kidnapped and threatened but lived to tell the tale. The Swedish telecom giant went on to pay Iraqi firms to circumvent federal taxes – money that is highly likely to have ended up in ISIS pockets.
The absolute star in the Ericsson documents is former Alfa Chairman and CEO Marwan Hayek, who created a triangle of interests: Alfa, Quality Telecom Services (QTS), owned by his wife, and Ericsson, where his brother-in-law worked in a good position.
“The UAE promotes its image as the global financial center and indispensable ally of the West, but at the same time it has turned into a secret haven and an open door for money laundering, gold smuggling, and other crimes.”
Two businessmen under US sanctions for allegedly supporting Hezbollah appeared in the Pandora Papers., which triggers that most complex and ambiguous of questions: the one related to Hezbollah’s finances …
In the Pandora Papers, the name of the advisor to the President of the Lebanese Republic, Amal Abu Amal Zaid, is associated with the co-founder and director of “Agon Holding S.A.”, a company that was registered in the Virgin Islands on June 1, 2007.
Tahseen Khayat, Karim, Karma and Nadia… The appearance of the Khayat family’s name in the “Pandora Papers” may indicate their desire to avoid the tax costs that would result from registering companies in Lebanon or Europe.