Cedex Pac Ltd

'Secondhand general outfitters and tailors"

        Josephus Hermanus Maria Nagel

"The names of many of Tvinds founders appear repeatedly as shareholders of offshore companies.   In Jersey, Tvind owns a company, Cedex Pac Ltd, which describes itself as a "secondhand general outfitters and tailors".   The 1991 records show as shareholders a Thomas Vaeth, a Svend Sorenson and a Josephus Hermanus Maria Nagel.   All three are listed among the names of the hundred teachers who helped found Tvind.  The address of Mr. Vaeth and Mr. Sorenson Is registered as P0 Box 103, Bodden Town, Grand Cayman.

The name of the company was changed from Goliath Services Limited to Cedex Pac following a meeting of share holders in Bodden Town, Grand Cayman, in July 1990.   It was to Goliath Services that Humana UK paid thousands of pounds In leasing charges for their collection boxes.   Until this year Mr. Sorenson and Mr. Vaeth were also listed as director and secretary of Westpac Hamlin Limited, a company described as a "ship, yacht, boat owner/dealer" registered In Guernsey."

[Source: The Guardian, 1993]