Stashing the cash: from Ramses II to Imelda Marcos

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Stashing the cash: from Ramses II to Imelda Marcos
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Shocked by the Pandora papers? The rich have a long history of stashing their cash

here is a love that dare not speak its name. All across the world – and particularly, it seems, in the Gulf states and the London Borough of Kensington and Chelsea – are those who thrum with its passions, yet feel compelled to conceal such desires from their peers, the press and governments with vulgar redistributive impulses.

Those who know nothing of Aitken’s history may shrug. Others will remember that in 1995 he was correctly accused of corruption by the– one of the publishers of the Pandora papers – and was later jailed for perjury. When he emerged, however, Aitken became an emblem of repentance and redemption, facing his sins, atoning for them and, in 2018, receiving ordination as a deacon in the Church of England. He is now chaplain of Pentonville Prison.

The film is based on Frank Norris’s novel “McTeague” , a tale of human beastliness about a San Francisco dentist , his jealous friend Marcus, and Trina, the woman they both desire, who, after the dentist has secured her hand in marriage, wins $5,000 in the lottery. Such rumours attended Zog for the rest of his life of wretched luxurious exile. In 1951 he bought Knollwood, a country estate deep in the Muttontown Preserve of East Norwich, Long Island. Papers in Manhattan reported that he had paid with “a bucket of diamonds and rubies”. Too ill to travel, he never occupied the mansion, though its ruins are still known locally as King Zog’s Castle.

Later avenues of inquiry proved more exotic and complex: discovering the fate of 304 paintings, many of which were spirited from the walls of the Marcos’s townhouse on East 66th Street. The commission is still doing its work today – an institution simultaneously pushing back the frontiers of forensic accountancy and producing a deep history of the Philippines, 1965-1986.It would make a good round on a narcos version of “Through the Keyhole”.

Cold logic suggests that this is a fool’s errand. A recent American television series, “Finding Escobar’s Millions”, has sent pairs of formeragents to hunt for missing cash. They have toured former cocaine factories and swum in the ocean looking for the wreck of a submarine thought to have been used in drug smuggling. After two seasons, nothing of value has been located.

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