Payments from a bilateral oil-trade fund are diverted offshore through an Argentine shell company whose nominee directors conceal its real beneficial owner
An investigation into the Argentina-Venezuela bilateral trust fund finds that a Venezuelan businessman used an Argentine shell company with nominee directors to divert payments. Official corporate and property registries and financial-intelligence reports documented the structure, while Pandora Papers data confirmed his beneficial ownership of offshore entities in Hong Kong, Portugal, and Panama used to conceal the proceeds.
- Year published
- Show records from 2023
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- Show records of type Journalism