4.6.15

Robert Hanson shows how to vanish Venezuela's largest newspaper conglomerate from books

Here's the background. In short, a London socialite called Robert Hanson (pictured), son of Margaret Thatcher's "favourite tycoon", purportedly "bought" in late 2013 Cadena Capriles, Venezuela's largest newspaper conglomerate.

The operation was, of course, a sham intended to hide Cadena Capriles ultimate controlling party. Through special purpose vehicles created solely to keep chavista names hidden from view, Hanson set up a shell in Curaçao called Latam Media Holding N.V., dispatched to Caracas his associate Patrick Teroerde, who "paid" over 90 million USD, and got hold, along with chavista banker Victor Vargas of Banco Occidental de Descuento, of Cadena Capriles. The Curaçao shell is managed by TMF Curaçao N.V. although Venezuelan reports claimed that London-based Hanson Asset Management (HAM) owned Latam Media Holding.  HAM returns are freely available in Companies House beta website.

There are some interesting bits in Hanson Asset Management accounts made up to 31 March 2014. For instance this:


Could Hanson Holdings Lux SARL have been used to purchase Cadena Capriles, to then be given to somebody else for a profit of £3,611? We'll have to check Luxembourg's records...

But then, there's this other bit:


Net assets amounting to £1,437,409 at 31 March 2014? So if Cadena Capriles is not hidden in Luxembourg (a jurisdiction favoured by media-loving chavistas), where is it?

Hanson Investment Holdings Limited, interestingly incorporated in December 2013, has not filed accounts as yet. Teroerde has got one share in it and Hanson Capital Limited -with a declared capital of £50,000- has another.

What happened then to that asset bought in Venezuela for over 90 million USD? A look into the purchase of Spanish magazine Cambio16 exposed a few dodgy connections between high ranking chavistas, boligarchs, PDVSA, Bell Pottinger and French investment firm Lazard. Both Lazard and Hanson are acquainted with Bell Pottinger, and all three have been engaged in illegal deals in Venezuela recently. While no investigation in a country described as a narcostate will flush out Hanson's partners, UK authorities should perhaps follow the American example and launch proper investigations into massive corruption rackets taking place in London. For one thing is to front for Venezuelan white collar thugs, but for drug dealers? Quite another...

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