The anti-tax fraud authority of the Belgian police received facts relating to transactions carried out by Dexia in Panama, through its Luxembourg subsidiary, as far back as 2011. This information has emerged from an internal inquiry by Belgium’s Special Tax Inspectorate (STI) which had first received information relating to this in 2009.
De Tijd which led the Belgian section of the “Panama Papers” inquiry, in conjunction with Le Soir, MO* and Knack, is reporting this today (Wednesday).
A Dexia Bank International client in Luxembourg had indicated, as far back 2009, that he had been able to conceal his bank account within a Panama shell company. The Belgian police section responsible for the fight against fraud had originally received information to this effect on February 3rd, 2011.
The STI report also states that its Ghent section was in possession of data indicating that Belgian bank accounts were being hidden within Swiss shell companies, and indeed in Singapore.
However, the STI did not undertake any specific steps following the communication of this information to them.