INM chiefs linked to Panama Papers firm

The chairman of Independent News & Media, Leslie Buckley, and non-executive director Paul Connolly were both shareholders and directors of offshore companies associated with the Mossack Fonseca law firm, the leaked Panama Papers show.

Mr Buckley and his wife Carmel were directors and shareholders of Zelia Ltd, a company incorporated in the tiny Pacific tax haven of Niue in June 1996, and were directors of Ronver Ltd, of the Bahamas, a company incorporated in July 1996.

Zelia registered for business purposes in the Isle of Man in 2004, where its affairs were administered by Walbrook Trustees (Isle of Man). AccountantsCharles Vanderpump and Nicholas Williamson, of Walbrook, were appointed directors. It was removed from the register in 2007.

Ronver registered in the Isle of Man in 2001 and the same two accountants from Walbrook Trustees became directors. It was dissolved in 2004.

Mr Connolly is the owner of Lynsdale Investments Ltd, which was incorporated in the Bahamas in 1995. All three offshore companies are described as investment companies in the leaked Mossack files.

Read on.

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