Bahamas Leaks – Exxon Mobil Corporation offshore companies with close links to Belgium

Bahamas Leaks – Exxon Mobil Corporation offshore companies with close links to Belgium
Exxon Mobil Corporation in the drink over “Bahamas Leaks” scandal.© Belga

Around thirty profiles in the 92 Belgian cases recorded in Bahamas Leaks are linked to the American energy Exxon Mobil. This is reported today (Friday) in the Belgian media publications De Tijd, Knack and Le Soir.

All of these publications are members of the International Consortium of Investigative Journalists (ICIJ), which on Wednesday evening published data concerning more than 175,000 Bahamian shell companies.

In total, 31 individuals on the Belgian listing are, to a greater or lesser extent, linked to the Exxon Mobil Corporation.

Moreover, the multinational is very much in evidence in the Bahamas Leaks investigation, owning 573 offshore companies of the total 175,888 revealed in the scandal. Amongst these, some 39 have links with Belgium.

Le Soir stresses that within all of these companies, several directors appear to have been deliberately domiciled within Belgium and in Machelen in the Bahamas.

For one of these companies, Mobil Petroleum Overseas Company Limited, 17 Belgian citizens, or those indeed residing in Belgium, held such positions (whether as president, financial director, auditor or director) between 2007 and 2014.

A further company linked to Exxon Mobil Corporation in Belgium, Zeebrugge LNG Trading Company Limited, was launched ten years ago.

This occurred two weeks before signing a contract with Qatar Petroleum and Fluxys to retain capacity for the business to use the Port of Zeebrugge.

The Exxon Mobil Corporation spokesman reacted confirming that the group “scrupulously abided by all laws and regulations and conformed to its fiscal obligations.”

The Brussels Times

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