Inquiry sheds new light on old Lowy case

Lowy representatives said they believed the contributions were "capital injections into the company from unknown international sources", according to an April 1995 Administrative Appeals Tribunal decision on a procedural matter that was tabled in Parliament that year.

... He said using Liechtenstein structures to hold assets was neither illegal nor improper. The family had never benefited from the structure, he said, and the Liechtenstein assets were distributed some years ago for charitable purposes in Israel.

Webmaster's Commentary: 

This Lichtenstein deal is starting to smell like a latter-day BCCI

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA