The case dates back to the years 2008-2012 : the company France Offshore promised “the tax paradise for all”, particularly for patrons of small French companies, traders and the liberal professions. Of crafts, the system of money laundering and tax fraud had become “industrial”, according to justice French, who put an end to it. The montages were passing through Latvia and it is the intermediary who facilitated the fund transfers, the bank of latvia Rietumu, who has been sentenced to the heaviest penalty : the tribunal correctionnel de Paris and sentenced him to a fine of 80 million euros, the equivalent of its profit for the past year, and a prohibition to exercise in France for five years.
This is one of the heaviest sentences ever imposed in France to a bank in a case of tax fraud. Last December, the swiss bank Reyl has been sentenced to a fine of 1.9 million euros in the case Cahuzac. The French magistrates have, in their judgment, rated at “at least 203 million euros” are bleached via France Offshore.
The founder, sentenced to five years in prison
The owner of Rietumu, Alexander Pankov, has been sentenced to four years in prison, with probation, the representative of the bank in France, Sergejs Scuka, has been sentenced to a year in jail.
As the main instigator of the fraud scheme, the founder of France Offshore, Nadav Bensoussan, he was sentenced to five years in prison, including three suspended sentence, probation – a sentence developable – as well as a 3-million euro fine. It is also prohibited for life to exercise any activity of management or financial advisory. His straw man, Yaakov Vogel, who is believed to be held in Argentina, has been sentenced to a year in prison and to pay 100,000 euros.
Of suspended prison sentences and fines have also been handed down against three clients, a lawyer and former employees.