Category Archives: Offshore tax havens

German bank investigates Moscow transaction in connection with BVI company investment

Germany’s biggest state-owned lender, Landesbank Baden-Württemberg, is monitoring details of a real estate transaction in Moscow on suspicion of corruption. According to German media, the bank’s lawyers began investigating its investment in Moscow’s German Centre due to “inconsistencies.” Landesbank Baden-Württemberg … Continue reading

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BVI and Belize-based offshore firms investigated on IRBC case

БогородицаThe Irish Bank Resources Corporation (IRBC) – formerly Anglo Irish Bank – is seeking to seize European properties linked to unpaid loans advanced to companies registered in the British Virgin Islands and Belize. When considering fraud proceedings, injunctions against two … Continue reading

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OMC failed to report Singapore authority on transactions with BVI company

КартинииконографияOn December 21, 2007, Singapore-based company GLA Ltd., which is owned by former Tourism Minister G Janardhana Reddy, had transferred the share of one Singapore dollar of the company to another ex-minister’s firm, GJR Holdings, registered in Isle of Man. … Continue reading

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Satyam scam: UK and Singapore give response to CBI’s rogatory letters

The Central Bureau of Investigation (CBI) (India) has received a response from UK and Singapore authorities to the Letter of Rogatory (LOR) which concerns the so-called Satyam scam with the company Satyam Computers. According to the CBI official, who decided … Continue reading

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Indian Finance Ministry investigates deals in BVI and other offshore jurisdictions

By the information of the Indian press, the finance ministry of the country has begun its investigation into over 100 offshore “financial structuring deals”, undertaken by Indian business entities in offshore jurisdictions to allegedly avoid taxes or pay close to … Continue reading

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One of UK parties received half of donations from the BVI company

It became known that nearly £100,000 of donations to the UK Party of Liberal Democrats has come from the company Alpha Healthcare – a company owned by  Indian businessmen. This is more than half the cash that the Party has … Continue reading

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Former president of European Parliament is said to be the director of the BVI company

The Irish press published information that Pat Cox, the former president of the European Parliament who can be nominated to the European Commission, is a director of an offshore company incorporated in the British Virgin Islands. His company Pat Cox … Continue reading

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OECD-listed offshore centres including BVI compete in services

The lists of tax havens published by the Organisation for Economic Co-operation and Development () (OECD), – especially the so called “grey list” – became the cause of hard battle for business between international financial centres. This competition will probably … Continue reading

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BVI investment company used to pay 5 million dollars to the Family of former South Korean president

The wife of former President of South Korea Roh Moo-hyun is suspected of being involved in the high-profile corruption scandal, and now is questioned about accepting US$1 mln from a  businessman Park Yeon-cha. Kwon Yang-sook was quizzed on the matter … Continue reading

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Sanctions against tax havens for hiding information on tax evaders

Offshore tax havens that refused to pass information on tax dodgers faced an unprecedented economic sanctions by the world’s most powerful countries, which will be probably agreed at the G20 summit in London in April this year. As a result … Continue reading

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