Panama Papers leak exposes a Kwa Chong Seng

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Among the Singapore-based entities, officers, intermediaries and addresses released by the International Consortium of Investigative Journalism (ICIJ) is the name Kwa Chong Seng.

kwa chong seng
link: https://offshoreleaks.icij.org/nodes/13002688

The Panama Papers reveal its Mr Kwa to be a beneficiary of Temburaya Limited, and the registered address is indicated as 19 Victoria Park Road Singapore 299648.

Links to kcs

According to Google Maps this is what 19 Victoria Park Road looks like.
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It has not been established if the Kwa Chong Seng mentioned in the Panama Papers leak is the same person who is the Executive Chairman at Olam International.

The Mr Kwa who is the Executive Chairman of Olam served as as deputy chairman of Temasek Holdings from 1997 to 2012. He is also the chairman of the Boards of Neptune Orient Lines, Singapore Technologies Engineering and Fullerton Fund Management Co.

The Executive Chairman of Olam also sits on the board of the Singapore Exchange and the Defence Science and Technology Agency (DSTA), and is also deputy chairman of the Singapore Public Service Commission.

Singapore-Window in an article dated 10 Feb 2012 (link: http://www.singapore-window.org/sw02/020210gl.htm), claims that the Mr Kwa who is the Executive Chairman of Olam is a nephew of Madam Kwa Gek Choo, the wife of Singapore’s first Prime Minister Lee Kuan Yew.

ICIJ said that it was releasing the new details in “public interest”, in an effort to “find out who’s behind almost 320,000 offshore companies and trusts from the Panama Papers and the offshore leaks investigations.”

In April 2016, Iceland’s prime minister, Sigmundur Davíð Gunnlaugsson, become the first major casualty of the Panama Papers leak. He resigned from his office amid mounting public outrage that his family had sheltered money offshore.

Just days after the Panama Papers toppled Iceland’s prime minister, the British premier, David Cameron, faced career-threatening accusations of financial impropriety. The Panama Papers leak exposed the British Prime Minister’s late father’s offshore fund. Mr Cameron admitted that he had owned shares in the trust, after several days of dodging questions about what interests he had in it.

There were no suggestions that Cameron or his father Ian broke the law.

Ministry of Finance and Monetary Authority of Singapore’s spokesmen commenting on the new Panama Papers leak implicating Singapore based entities and people said: “We are reviewing the batch of information that was released this morning on the persons and entities identified in the Panama Papers. If there is evidence of wrong-doing by any individual or entity in Singapore, we will not hesitate to take firm supervisory and enforcement action.”

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