Queenstown’s Panama Papers link


A Queenstown apartment block is named in the Panama Papers scandal.

The Glebe, on Stanley Street, is listed as a registered address of Hong Kong woman Wong Chau Kuk.

She’s a shareholder in Cyber Harbour Ltd, which was incorporated and registered in the tax haven of British Virgin Islands in July 2011.

It existed as a company in Hong Kong from 2001 until it was dissolved in 2012.

The Panama Papers are some 11.5 million documents which show how wealthy people put their money into offshore companies.

They were obtained from the offices of Panama-based law firm Mossack Fonseca and placed online - the biggest data leak in history.

Mossack Fonseca helps set up companies in tax havens such as the British Virgin Islands, Jersey and the Seychelles.

It is the world’s fourth-largest provider of offshore services and has acted for more than 300,000 companies since the 1970s.

Mountain Scene was unable to trace either Kuk or the company for comment.

There is no suggestion of any wrongdoing.

The Glebe’s management firm didn’t respond before deadline. Various politicians have come under scrutiny since the leak.

Iceland’s Prime Minister Sigmundur Gunnlaugsson resigned after it came to light he allegedly hid away investments worth millions.

Russian President Vladimir Putin and British PM David Cameron have also been in the spotlight - as have sports stars and celebs.

Prime Minister John Key says indirect links between his legal adviser Ken Whitney and Mossack Fonseca are “tenuous”.