Royal Dutch Shell Plc  .com Rotating Header Image

Siemens, Mossack Fonseca and Shell

Screen Shot 2016-04-11 at 13.12.00

By John Donovan

It’s interesting to note that there seem to be parallels between Siemens (mired in the Panama Papers scandal) and Shell.

A few years ago, Siemens was prosecuted for bribery, and some of their senior employees were jailed. It was suspected that some of the funds provided by Siemens for the bribes were kept by the Siemens executives involved, but lack of evidence prevented the executives involved from being prosecuted. 

The amounts involved in the Siemens cases were tiny in comparison with Shell’s OPL 245 payments, but were funnelled through Mossack Fonseca. 

Mossack Fonseca closed their Dutch offices on 31st March 2016. The offices were in the “Statenkwartier” just down the road from Shell’s offices in the Hague.    

The “diversion” of $200 million intended for Nigeria into Italian bank accounts (with $1 million traced to an ENI executive’s account) leaves open the question of where the other $199 million might have gone. It seems unlikely that the $200 million went only to ENI staff.

So far, at least in public, little has come out about the results of the raids on Shell’s offices in the Hague in February. My sources suggest that there is much that remains to be revealed.

Another parallel is that both multinational giants pretend to abide by strict business principals covering corruption, honesty, integrity, transparency etc. 

What a laugh. 

And both supported the Nazis. The Dutch leadership of Shell pumped funds into the Nazi Party when it was in danger of financial collapse. Siemens kept the Nazi concentration camps and death camps going in conjunction with the SS. 

Not allegations but matters of provable fact. 

Such a lot in common. 

Comments are closed.

%d bloggers like this: