From the AFR:
A British Virgin Islands company linked to former Reserve Bank board member Robert Gerard refused for more than four years to supply documents which would identify him as the beneficial owner of the company.
Documents held by Panama law firm Mossack Fonseca show that Mr Gerard is the sole shareholder of Mayfair Land Management Limited, a BVI company which he acquired from Gerard Corporation in May 2010.
…Mr Gerard was at the centre of a political storm in 2005 triggered by a report in The Australian Financial Review by Morgan Mellish that began, “The Howard government rewarded one of its biggest political donors with a Reserve Bank of Australia board seat as he fought the Australian Taxation Office over a Caribbean tax-haven deal labelled ‘tax evasion’ by investigators.”
…Mr Gerard resigned from the Reserve Bank on December 2, 2005, three days after the Financial Review report.
“Even though I have done nothing wrong and broken no law, the accusations made against me by the media have seriously affected my health and have brought unwanted attention to the board of the Reserve Bank of Australia,” he said when he resigned from the board.
My only question is why has nobody resigned over the RBA’s far bigger corruption scandals at its note printing subsidiaries which were undertaking enormous bribes of global central bank proxies at precisely the same time?
Mr Gerard can surely feel mightily aggrieved that he’s not receiving the protection of a Supreme Court super-injunction preventing anyone from even discussing his dealings.
