Accessibility links

HSBC Investigations Reveal Majority Account Holders White Zimbabweans

  • Ray Choto

The HSBC staff helped clients in many different ways to dodge tax compliance and foreign exchange laws in various countries.

The HSBC staff helped clients in many different ways to dodge tax compliance and foreign exchange laws in various countries.

Investigations into millions of dollars stashed in Swiss accounts of HSBC in 2006 and 2007, reveal that the majority of those who evaded paying taxes this way, were white Zimbabweans.

Leaked documents of the HSBC transactions that the French newspaper, Le Monde, sourced, and supplied to the International Consortium of Investigative Journalists, of which Studio 7’s Ray Choto is a part, reveal that blacks possessed only 10 bank accounts of the 198-listed, and that the amount totaled less than $2 million.

In addition to the majority white Zimbabweans, other holders listed included members of the Indian community and private individuals.

Some of the people on the list include Penelope Margot Sheldon ($12,239,160.00); Raja Manubhai Patel ($9,263,275.00); Jayesh Hashmukh Shar ($5,744,364.00; Mandy Feldman ($7,086,901.00); the Fintz family ($6,789,940.00); Paul and Claude Gubbay ($6,416, 638.00); Eleftherios Charalambas Angelos ($5,440,494.00) and Brian and David Brom ($4,845,444.00).

Trevor Martin, Simone Marie and Peggy Honora Hafford ran a trust account, which had $3,003,607 in HSBC.

The black Zimbabweans listed are Roger Boka, the late business tycoon and owner of Boka Tobacco Auction Floor ($4,961.00); Fanuel Muhwati, the late CEO of Flexible Packaging; Federick Mutanda, chairman of Caps Holdings ($1,005,766.00); the late Josiah Tungamirayi, former Zanu PF youth boss (account closed), and renowned eye surgeon, Dr. Solomon Guramatunhu, and his son, Tafadzwa (account closed).

As reported earlier, the HSBC staff helped clients in many different ways to dodge tax compliance and foreign exchange laws in their respective countries.

LIST OF ACCOUNT HOLDERS

Eleftherios Charalambos Angelos - $5,440,494.00

Brian Rodney Brom - $4,845,444.00

David Myer Brom - $4,845,444.00

Frederick Mutanda - $1,005,766.00

Tevor, Janine, Margaret, Blair Hafford - $3,003,607.00

Simone Marie Hafford - $3,003,607.00

Leslie Khalastchi - $2,401,384.00

Roger Boka - $4,961.00

Stuart David Robertson - $30,172..00

Chhitubhai Magan Pater - $491,966.00

Pamela Turi - $1,348,649.00

Penelope Margot Sheldon - $2,239.160

Rajah Manubhai Patel - $9,265.756

Jayesh Mashmukh Shah - $5,774,369

Mandy Feldman - $7,086.90)

Karen Lucy Chesno Fintz - $6,789.940

Peggy Honora Hafford Trust - $3,003.607

Brian Rodney Brom - $6,353.718)

Paul and Claude Gubbay - $6,416.630

  • More figures and details to follow Tuesday. Meanwhile, follow this link:

"http://projects.icij.org/swiss-leaks/" id="icij-swiss-leaks" style="height: 740px; width: 100%; max-width: 920px; margin: 0 auto"></iframe>

  • More information to follow.
XS
SM
MD
LG