Finance Minister Johan Van Overtveld asked Special Tax Inspection (ISI) to open an investigation on ING Belgium, quoted in a recent Panama Papers’ leak, report Monday several newspapers. Mr. Van Overtveldt also requested the ING Direction to provide clarification on its role in this matter.
ING Belgium appears 965 times in the recent Panama Papers’ leak. At least 25 offshore firms are linked to “ING Belgium, Geneva Branch,” under ING Belgium’s legal responsibility.
Some of these firms have been liquidated or abandoned, but other exotic structures are still active. In most cases, the clients behind these are wealthy Russians, involved in gas and petroleum.