Belgian prince Henri de Cro?-Solre denies involvement in money laundering

Posted by Maryam Yamin on October 28th, 2018

 According to News Tribune, The Belgian prince Henri de Croÿ-Solre, who is mentioned by the French magazine Obs in a money laundering scandal through an offshore construction in the United Arab Emirates, shouts his innocence.

In an interview with the Swiss Sunday newspaper 'Le Matin', the Belgian says "has not committed any criminal offence". He points to the local representative of his company in the UAE with an accusing finger.

The French magazine Obs brought a big story about tax avoidance at the beginning of last month, with asset manager Helin as the central focus. Obs relied on a pack of documents, the so-called "Dubai Papers."

Helin was founded in 2007 by Prince Henri de Croÿ-Solre and explicitly focuses on the fortune of personalities, such as Russian oligarchs, footballers or business leaders.

The Belgian has no more management responsibility at Helin, but only works as a "consultant", he says in the newspaper. The British banker Geraldine Whittaker now owns the company.

According to the French Obs, some Helin customers would now ask questions about where their money is. They fear that the asset manager lost control of their fortune and filed a complaint in Geneva. The Geneva Attorney has started a criminal investigation, in which Henri de Croÿ-Solre is also accused.

The assets of Helin have been frozen. Henri de Croÿ-Solre, nicknamed "black prince" in Belgium, was accused of tax fraud in Belgium in the 2000s. After ten years of litigation, he was finally acquitted in 2015.