Prando's Asset Management - Raouls and regulations

The chairman explains the secret of a reliable tax-haven lawyer

clock • 3 min read

"Do you reckon Chris Cummings has bet someone he can be the boss of every major financial trade body before he retires?" asked the chairman of the improbably-sized investment company Prandeamus Asset Management when I dropped by to see him this week.

"Either that or he's down to win a fondue set or cuddly toy if he collects the set," I guessed. "Now, forgive me for changing the subject so soon in the conversation but I was wondering when we might start seeing Prando's mentioned in connection with the so-called ‘Panama Papers'?" "Ah, yes," sighed the chairman. "You know things are in a pretty bad way when you can't even rely on your offshore tax-haven lawyer to keep your name out of the media. "But I fear, as so often, you have underestimated me." "You mean you don't use a Panamanian law firm to finesse some of the more exotic elem...

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