Edsaco was probably my biggest story from a former life as an investigative journalist. All round. Good fee from the paper, decent expenses, two trips to London, two to Milan.
And the greatest of all, because UBS, owner of Edsaco, demanded corrections to the text, which the editor-in-chief R. Bortolani of "Magazin", weekend supplement of the Zurich daily Tages Anzeiger, could not accept for journalistic reasons, he cancelled the planned special edition of "Magazin" on UBS.
Edsaco was a big London specialist on Regent Street who set up and managed offshore companies for top lawyers. The firm was owned by Bank Cantrade, which in turn was owned by UBS.
In june 1994 London lawyer David Mills Edsaco sold the firm CMM Management of corporate structures to Edsaco.
CMM operated mainly in Ticino, where Mills worked with the trustee Ferrechi SA and Fininvest Services SA
The Italian news magazine "L'Espresso" considered Mills to be the head of shadow finance of Silvio Berlusconis big media firm Fininvest. He had worked for the Milan law firm Carnelutti for some years in the 1980s and spoke good Italian.
Shortly after Berlusconi became Italian Prime Minister in early 1974, Mills relocated Fininvest's shadow treasury CMM to Edsaco.
Much of this story I have forgotten, but in the main it boils down to the fact that UBS, via Cantrade/Edsaco, helped the newly minted Prime Minister Berlusconi to move his shadow accounting, organised by David Mills' company CMM, from Lugano to London.
