Beverly Hills resident and Westfield Group executive Peter Lowy has been asked by the senate subcommittee to testify in the coming week amidst an ongoing investigation into foreign tax havens. The Lowy family is of particular interest to committee members for it’s numerous investments (many routed via banks in small countries such as Liechtenstein).

A representative for Lowy has made it clear that subcommittee members aren’t investigating the Lowy family, but rather the manner in which banks (specifically those in Liechtenstein and Switzerland) are carrying out various practices. Many of these practices are believed to be eating away at U.S tax revenue.

Lowy, who ranks in as one of the wealthiest people in the Los Angeles area has hired attorney Robert Bennett to represent him.

Others involved in overseas banking transactions in the Liechtenstein area testified this week during a subcommittee hearing on tax havens. Since Lowy was not present during these hearings, he was scheduled to testify later. According to the U.S treasury, tax evasion accounts for nearly $100B in lost revenue per year.

The recent hearings have centered around a Swiss and Liechtenstein bank, UBS and LGT respectively. Lowy’s father, Frank Lowy established a foundation with LGT in 1998 in an effort to hide his financial dealings from Australian officals. The foundation went defunct in 2001, when the Lowy’s transferred $68M to Switzerland. Lowy’s attorneys classified the $68M as “charitable contributions.”

Lowy has made significant political contributions over the years, more recently to Hillary Clinton’s presidential campaign.

Robert Bennett maintains that his client partook in no sort of illegal activities.