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Offshore Leaks Database

Data from
Panama Papers - The Power Players
European Commissioner for Climate Action and Energy (2014-present); Spain's Minister for Agriculture, Food and Environment (2011-2014)

Miguel Arias Cañete

Associates in the data:

Related to

Spain Belgium

About

For Micaela Domecq Solís-Beaumont, whose family breeds bulls for epic life-and-death battles against Spanish matadors, marrying career politician Miguel Arias Cañete has been good for business. Her husband, now the European Union’s climate action commissioner, served on the European Parliament’s agriculture committee for many years before becoming Spain’s agriculture minister in 2000 and again in 2011. He urged expansion of EU agriculture subsidies to cover bull breeding. During his time in the ministry, his wife’s world-renowned Jandilla bull operations, managed by their two sons, Pablo and Juan Pedro, and co-owned by her siblings, received well over $1 million in farm subsidies. Her other farm, forestry and winery businesses also received EU subsidies.

In the data

Micaela Domecq Solís-Beaumont was empowered to approve transactions of Rinconada Investments Group SA, a Panama company registered in 2005 which was in existence while her husband Miguel Arias Cañete held public positions in Spain and the European Union. She was listed as authorized signatory together with members of her Spanish aristocratic Domecq family. Six siblings were also connected to Rinconada Investments Group. Deutsche Bank Geneva and Swiss-based financial services company Gestrust SA helped the Domecqs to create Rinconada Investments Group with the support of Mossack Fonseca. The company was listed by Mossack Fonseca as inactive in January 2010.

Response

A lawyer for Domecq said that she had declared all of her income and assets to Spanish tax authorities. The lawyer said Rinconada is not active and that Domecq has no power or attorney and is not "an authorized signatory for the company. "A member of cabinet of Arias Cañete replied to the request for comment, saying that since his 1978 marriage to Domecq Beaumont that each spouses assets at the time of the marriage and after that "belong and are administered separately, according to Spain's Civil Code." He said that Arias Cañete's declarations were in full compliance with the Code of Conduct for members of the European Parliament in the area of economic interests and conflicts of interest and also in compliance with the Code of Conduct for commissioners in the European Commission. He also said that the company had no activity for several years before he took office as a member of the European Parliament.
This visualization contains relevant information in relation to the profiled individual. Some additional connections might show up once we release the full structured data connected to the Paradise Papers investigation in the coming weeks.

Disclaimer

There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.

There are legitimate uses for offshore companies and trusts. Read more

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There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.