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Tax authorities investigate Greek names on 'Paradise Papers' list

The most prominent name to appear is that of Mareva Grabowsky, spouse of the leader of the Opposition party in Greece, Kiriakos Mitsotakis

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Mareva Grabowsky Photo: YouTube

10 November 2017

Greece's independent authority on Public Revenue has ordered an investigation into the alleged existence of Greek taxpayers in the 'Paradise Papers'.

The massive leak of 13.4 million secret financial documents has created a stir around the world, with several dignitaries and celebrities allegedly holding fortunes in offshore tax havens.

According to the Greek daily Ethnos, more than 130 Greek names appear in the leaked documents which detail how the world's biggest companies and individuals have sheltered their wealth in secretive tax havens.

Heads of state, politicians and celebrities - not least among them Bono and Queen Elizabeth - appear in the papers, which has come from two offshore service providers and the company registries of 19 tax havens, and was brought to the attention of the German newspaper Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists.

Among the Greek names mentioned in the files are persons associated with politicians, a large number of ship-owners, but also a major executive of a bank that participated in offshore companies. The most prominent name to appear is that of Mareva Grabowsky, spouse of the leader of the Opposition party in Greece, Kiriakos Mitsotakis.

In the list, Grabowski appears to be the manager of a mutual fund based in the Cayman Islands. She dismissed accusations, stating that she had little do with the administrative aspects of the fund as she was not on its managing board, adding that the fund's trustee was Goldman Sachs Execution & Clearing LP and JP Morgan London the cooperating bank, which guaranteed that the required transparency regulations were being honoured and anti-money laundering checks conducted. As for any insinuations of her spouse's involvement, she noted that it was well-known the pair had been separated at the time.

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