U.S. regulators settled a major corruption case with the Italian oil company that allegedly bribed Algerian politicians through a middleman who controlled a constellation of shell companies.
With governments racked by colossal costs due to the coronavirus pandemic, experts say tax evasion is cast in a stark new light.
The dos Santos brewery masterplan hinged on one of the couple’s favorite business entities: shell companies. This time the couple turned to Mauritius the small island tax haven off the east coast of Africa.
As scrutiny of her business empire increased, African billionaire Isabel dos Santos turned to one of the world’s most secretive tax havens to conceal a $1.8 million luxury apartment.