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Anders August Jahre (28 May 1891 – 26 February 1982) was a Norwegian shipping magnate and philanthropist. After his death, it was discovered that he had undertaken tax evasion on a large scale; however, his legacy continues in the form of two foundations, humanitarian and medical, that each award annual cash prizes.
He was educated in law, and worked as a lawyer in Sandefjord from 1916 until 1928.
In 1939 Pankos Operating Company SA was incorporated as a Panamanian corporation. Throughout his lifetime, Jahre steadfastly maintained that he had no ownership interest in Pankos and other foreign companies. Only after his death was it established that Jahre had controlled these entities from incorporation, and that from the 1950s onward he had been the sole owner.Report to the Sandefjord City Court from the Trustees of the Estate of Anders Jahre, 2012-06-01, http://www.bahr.no/no/aktuelt/saker/_attachment/2919?_ts=1382a318d28 , retrieved 2012-10-18, and its Exhibits 207 (Decision of the Sandefjord City Court of 2002-11-08, Case No. 277/96A) and 206 (Admissions of Lazard Bank Ltd. of 2002-01-23, recorded in court settlement of even date), http://www.bahr.no/no/aktuelt/saker/_attachment/2939?_ts=13842357bb8, retrieved 2012-10-18. During the 1950s the Norwegian authorities commenced an investigation of Jahre's connections to Pankos and subsidiaries. In response and in order to conceal his ownership interest, Jahre claimed that these companies were owned by Aristotle Onassis. The investigation was put on hold when Jahre suggested that it might be possible for Norwegian companies controlled by Jahre to purchase the companies' floating assets from Onassis at market price. Such ships would in that manner become Norwegian-flagged vessels, a goal that at the time was considered important by the Norwegian authorities. This solution was accepted and as a result large sums were transferred abroad to companies ostensibly owned by Onassis. The net result of the transaction, however, was that the cash generated by the sale of the ships was consolidated with Pankos's other assets and became a part of the capital of Jahre's hidden foreign fortune – a fortune that grew substantially in the years thereafter.Report to the Sandefjord City Court from the Trustees of the Estate of Anders Jahre, 2012-06-01, pages 50-52, http://www.bahr.no/no/aktuelt/saker/_attachment/2919?_ts=1382a318d28 , retrieved 2012-10-18, and its Exhibit 39 (A. Jacobsen, Eventyret Anders Jahre, Chapter I, Oktober AS (1982), Exhibit 15 (T. Løvold, "Nødvendig Oppklaring", in Norges Handels og Sjøfartstidende, 1984-06-27) and Exhibit 16 (T. Løvold, "Ettergivenhet var Utenkelig", in Norges Handels og Sjøfartstidende, 1984-06-27), http://www.bahr.no/no/aktuelt/saker/_attachment/2939?_ts=13842357bb8, retrieved 2012-10-18.
To conceal his connection with Pankos, Jahre secretly changed the name of the company in 1958 to Continental Trust Company (CTC).Report to the Sandefjord City Court from the Trustees of the Estate of Anders Jahre, 2012-06-01, pages 50-52, http://www.bahr.no/no/aktuelt/saker/_attachment/2919?_ts=1382a318d28 , retrieved 2012-10-18. A further step intended to counter speculations regarding Jahre's ownership of CTC was taken in 1976, when the shares of the company were transferred to a Bahamian (later Caymanian) trust called Continental Foundation.
In 1948, he established a British institute at the University of Oslo, five years later establishing the Anders Jahre Foundation for the Promotion of Science and setting up awards which are still awarded annually today.
In 1966 he established the Anders Jahres Humanitarian Foundation.
He was awarded an honorary professorship at the University of Oslo in 1961.
During his lifetime, a statue of himself was erected in front of the Sandefjord Town Hall, a building for which he had provided the funding.
He acquired a magnificent mansion in Sandefjord, as well as the 17th-century Osbyholm Castle in Scania, where he created a large art collection.
The son of Odd Gleditsch Sr., Odd Gleditsch Jr., said in 2017 that his father, who had been a close friend of Jahre, was convinced that he had been trying to find a way to repatriate his fortune back to Norway before he died.
In 1999 Britain's highest court (sitting as the Privy Council) confirmed that Continental Foundation was not a validly established trust. "Report to the Sandefjord City Court from the Trustees of the Estate of Anders Jahre", 2012-06-01, pages 159-80. , retrieved 2012-10-18, and its Exhibit 208 (Decision of the Privy Council of 2000-06-26, Appeal No. 37 of 1998) and Exhibit 204 (Decision of the Agder Court of Appeals of 2003-11-20, Case No. 99-01411A), http://www.bahr.no/no/aktuelt/saker/_attachment/2939?_ts=13842357bb8, retrieved 2012-10-18.
Because documents relating to CTC had surfaced during an audit of Jahre's businesses in 1979, the tax authorities initiated a new round of investigations. The investigations resulted in a tax claim being levied against Jahre in 1983 in an amount in excess of 335 million Norwegian kroner, the largest tax claim that had ever been assessed in Norway for tax avoidance. The tax claim was contested and eventually accepted in 1993.Report to the Sandefjord City Court from the Trustees of the Estate of Anders Jahre, 2012-06-01, pages 22-26, http://www.bahr.no/no/aktuelt/saker/_attachment/2919?_ts=1382a318d28 , retrieved 2012-10-18, and its Exhibit 3 (Decision of the Norwegian National Tax Board of 1990-11-02), http://www.bahr.no/no/aktuelt/saker/_attachment/2939?_ts=13842357bb8, retrieved 2012-10-18.
In 1994 the administrator of Jahre's estate came into possession of documents that confirmed Jahre's unlimited control over the above-referenced foreign assets, as well as Jahre's many efforts, over a period of more than 40 years, to conceal that control from the authorities.Report to the Sandefjord City Court from the Trustees of the Estate of Anders Jahre, 2012-06-01, pages 360-68, http://www.bahr.no/no/aktuelt/saker/_attachment/2919?_ts=1382a318d28 , retrieved 2012-10-18.
At the time of Jahre's death in 1982 the value of the assets remaining in his foreign fortune totalled some 80 million U.S. dollars. There is no other known instance in Norway of tax avoidance on such a large scale or over such an extended period.
In 1998 Kosmos AS asserted that it was the true owner of the foreign assets. Litigation ensued, but in 2003 Kosmos AS, by its owner Eikland AS/Morits Skaugen, discontinued the proceeding.Report to the Sandefjord City Court from the Trustees of the Estate of Anders Jahre, 2012-06-01, pages 286-349, http://www.bahr.no/no/aktuelt/saker/_attachment/2919?_ts=1382a318d28 , retrieved 2012-10-18, and its Exhibit 145 (A. Jacobsen, "Forviklinger i Kosmos," in Dagens Næringsliv, 2002-11-26), http://www.bahr.no/no/aktuelt/saker/_attachment/2939?_ts=13842357bb8, retrieved 2012-10-18
Two Norwegian judgements, from 2002 and 2003 respectively, reflect that Jahre had ultimate control and effective ownership of the above-referenced foreign fortune during his lifetime.Report to the Sandefjord City Court from the Trustees of the Estate of Anders Jahre, 2012-06-01, pages 421, 442, http://www.bahr.no/no/aktuelt/saker/_attachment/2919?_ts=1382a318d28 , retrieved 2012-10-18, and its Exhibit 207 (Decision of the Sandefjord City Court of 2002-11-08, Case No. 277/96A) and Exhibit 203 (Decision of the Agder Court of Appeals of 2003-11-20, Case No. 99-01411A), http://www.bahr.no/no/aktuelt/saker/_attachment/2939?_ts=13842357bb8, retrieved 2012-10-18.
Through three separate settlements with, respectively, Jahre's main banking connection (Lazard) and certain Cayman interests, the Jahre estate recovered approximately 720 million Norwegian kroner.Report to the Sandefjord City Court from the Trustees of the Estate of Anders Jahre, 2012-06-01, pages 438, 460, 472, http://www.bahr.no/no/aktuelt/saker/_attachment/2919?_ts=1382a318d28 , retrieved 2012-10-18, and its Exhibit 205 (Parliamentary Recommendation No. 17 - 2001-2002), http://www.bahr.no/no/aktuelt/saker/_attachment/2939?_ts=13842357bb8, retrieved 2012-10-18. The amount would have been substantially higher but for the actions of an expatriate Norwegian, Thorleif Monsen, who in the 1970s was based in the Cayman Islands. In that period, Monsen undertook a fiduciary role v.a.v. Jahre and his foreign fortune and acted as the straw man who, among other things, assisted with the transfer of the shares of CTC to Continental Foundation in 1976.Report to the Sandefjord City Court from the Trustees of the Estate of Anders Jahre, 2012-06-01, pages 181-89, http://www.bahr.no/no/aktuelt/saker/_attachment/2919?_ts=1382a318d28 , retrieved 2012-10-18. After Jahre's death in 1982 Monsen took advantage of his fiduciary position to embezzle substantial assets from the foreign fortune. Those assets were used by Monsen and his children for private investments and personal expenses, as well as to finance legal challenges to the Jahre estate's efforts to recover and repatriate the foreign fortune.Report to the Sandefjord City Court from the Trustees of the Estate of Anders Jahre, 2012-06-01, pages 252-85, 463-64, http://www.bahr.no/no/aktuelt/saker/_attachment/2919?_ts=1382a318d28 , retrieved 2012-10-18, and its Exhibit 78 (Letter of 1997-04-29, annexing overview prepared by accountant for Aall Foundation, reflecting payments to members of Monsen family), http://www.bahr.no/no/aktuelt/saker/_attachment/2939?_ts=13842357bb8, retrieved 2012-10-18.
The Anders Jahre's Award for Medical Research (Anders Jahres medisinske pris) was bestowed for the first time in 1960, and is awarded annually by the university, worth NOK 1,000,000 in 2024. In 1965, the inaugural Anders Jahre Prize for Young Scientists (Anders Jahres pris for yngre forskere) was awarded, which is as of 2024 a grant of NOK 400,000. All previous winners are listed on the university website.
The purpose of the foundation is to support initiatives of a humanitarian, cultural, and social nature in Norway, with particular emphasis on businesses in Sandefjord and Vestfold counties, with special consideration to Elderly care. The board makes a distribution each year in June.
Since 1990, the foundation has awarded the Anders Jahre Culture Prize ( ), with the amount dependent on what the board determines for each individual award. It is an honorary reward to Norwegian or foreign individuals or institutions who have made a significant contribution, in particular to Norwegian cultural life. From 1996, additional prizes for younger artists were included in some years.
Winners of the award include:
Shipping career
Jahre became involved in the whaling, and he founded the whaling company A/S Kosmos in 1928, operating out of Sandefjord. He also established Jahres Kjemiske Fabrikker, a processor of whale blubber, as well as establishing a passenger ferry line between Oslo and Kiel.
Philanthropy
Jahre was a major philanthropist. He contributed significantly to the development of the city of Sandefjord. He financed the building of the new town hall which included a library as well as combined cinema, theatre, and concert hall. He also built the Park Hotel, a city museum, and a new crematorium.
Honours and awards
Jahre was appointed commander of The Royal Norwegian Order of St. Olav in 1950, which was raised to commander with star ( Kommandør med stjerne) in 1962.
Personal life
Jahre had no children.
Death and legacy
Jahre died on 26 February 1982 in Sandefjord. At the time the value of the assets remaining in his foreign fortune totalled some 80 million U.S. dollars.
Legal issues
After his death there was much controversy surrounding alleged tax fraud, and hidden funds in overseas accounts. In 1984, the Norwegian government put forward a tax claim against the Jahre estate. A series of legal proceedings in the 2000s succeeded in returning part of the fortune to Norway from accounts on the Cayman Islands.
Ongoing philanthropic legacy
Anders Jahre science foundation and science awards
In 1953, Jahre donated one million Norwegian krone to the University of Oslo, and later gave other endowments, which were used to establish the Anders Jahre Foundation for the Promotion of Science (Anders Jahres Fond til vitenskapens fremme). Half of the foundation's funds are earmarked for medical science and research, with 25 per cent each going to the legal profession and the chemical and technical fields. He also determined that that part of the funds should to be used to award an annual medical prize for outstanding international work.
Anders Jahre Humanitarian Foundation and culture awards
The was established by two donations by Jahre on 28 December 1966, providing capital of NOK 20 million. In early and then late 1973, he awarded two gift certificates of 20,000 shares in A/S Kosmos (market value around NOK 17 million), and a further 20,000 shares (market value around NOK 20 million).
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