UK Billionaire arrested by French Authorities for unprecedented money laundering and tax fraud. At least 461 million euros have been seized

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  1. He owns dozens of luxury buildings in the most expensive neighborhood of Central Paris. Yet no one knew what this man looked like. Those investigating him called him the Ghost of Paris.

    After over a decade of efforts by authorities, Billionaire Adrian Labi was finally arrested in a police raid while visiting Paris. He was in Paris to sell one of his buildings. The buyer? The Kering luxury group. The price? 1 billion euros.

    The Ghost of Paris wanted to personally conclude the deal. He did not expect a police raid. The British Businessman was arrested for money laundering and tax fraud on an absolutely unprecedented scale. At least 461 million euros have been seized for the taxes he evaded.

    He evaded the french wealth tax, property taxes, income tax, profit taxes, and building sales taxes for nearly 20 years. To ensure no one could identify him, he created a highly sophisticated tax evasion scheme.

    His Paris luxury buildings were owned by shell companies in a dozen different nations. Their shares were traded between a network of 15 different banks while the shell companies used foreign directors, some registered in London or Australia, to protect his identity.

    The hunt to identify him lasted for decades.

    Despite being one of the wealthiest man in the world, his name does not show up on any contract.

    We found a record of his name in the Panama Papers and the Pandora Papers : Queensville Properties Limited, Tadema Holdings Limited, Orbital International Properties Limited, Pacific Property Holding Limited et Wesley Securities Limited.

    Tadema and Orbital made a 140 million euros loan to Paris Premier Properties, a Luxembourg holding company that he owns through fake directors.

    Adrian Labi also owns at least 50 buildings all around London through Tadema and Queensville. However, his name does not show up in the official British Company Registry.

    Instead, we found the name of [Lachlan Williams](https://find-and-update.company-information.service.gov.uk/company/OE012044/persons-with-significant-control), a corporate lawyer working in Indonesia.

    Adrian Labi was exceptionally careful. Sources close to the investigation say the ghost regularly came to Paris by driving a car to avoid having his name being recorded in french airports.

    There are almost no pictures of him, except at one private party with wealthy americans in Paris. That was probably a mistake.

    https://www.anniewattphotography.com/Events-2003-2022/2022-Events/Nov-13-2022-American-Friends-of-the-Louvre-Gala/i-92zZkxr

    French Prosecutors have discovered Adrian Labi owns a Yacht through a shell company in the British Virgin Islands. He owns several houses in California, Switzerland, as well as a collection of luxury cars.

    Some believe he is related to Muammar Gadaffi. Others say his mother owned a vast network of gas stations in America.

    Where does his wealth come from? How much does he has?

    No one knows. It was impossible to determine, despite relentless efforts from French Investigators in a hunt that lasted decades.

    All that is know about him is that he is a british citizen born in Libya in 1953.

    Our newspaper managed to identify a trust fund, the Diamond Trust, that he opened in 1994 on the Island of Jersey, controlled by the United Kingdom. We believe this vehicle is the key to understanding his wealth. However Jersey makes it illegal to disclose financial records.

    https://www.lemonde.fr/societe/article/2023/03/09/saisies-record-de-461-millions-d-euros-sur-les-actifs-d-un-grand-et-discret-proprietaire-du-triangle-d-or-parisien_6164855_3224.html

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