CONTACT US

For any general inquiries, please fill in the following contact form:

SUBMIT

Links to alleged bribes in Peru put pressure on Scottish shell firms

Links to alleged bribes in Peru put pressure on Scottish shell firms

By Rosemary Gallagher

A row over the alleged abuse of Scottish shell firms has intensified after reports that a former president of Peru took millions of pounds in bribes through a limited partnership registered in Glasgow.

Alejandro Toledo, who served as the president of Peru from 2001 to 2006, has emerged as one of a number of South American leaders implicated in a multimillion-pound corruption scandal. According to reports in The Herald, the Scottish newspaper, Mr Toledo is alleged to have received nearly $6 million of illicit payments through an account in the name of a Scottish limited partnership (SLP).

SLPs are a legitimate form of investment vehicle, but they have become the centre of a controversy. 

https://www.thetimes.co.uk/art...

MORE NEWS

Cyberlaundering: from ghost Uber rides to gibberish on Amazon

Cyberlaundering: from ghost Uber rides to gibberish on Amazon
Digital laundering funds terror and will ‘double by 2020’ – and the UN’s anti-crime chief says it must be tackled.We all have a stake in ...

France’s ex-budget minister found guilty of tax fraud, money laundering

France’s ex-budget minister found guilty of tax fraud, money laundering
Former French Budget Minister Jérôme Cahuzac on Tuesday was found guilty on charges of tax fraud and money laundering. A Paris Court of ...

Could the big four accountancy firms be broken up and what would happen if they were?

Could the big four accountancy firms be broken up and what would happen if they were?
Pwc, Deloitte, KPMG and EY sign off the accounts of 97% of the UK's 350 largest listed companies.MPs have said the stranglehold of the ...

Who's behind the blog

Who's behind the blog

SOCIAL MEDIA