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

U.S. Bancorp to pay $613 million for money-laundering violations

U.S. Bancorp to pay $613 million for money-laundering violations
By Pete SchroederWASHINGTON (Reuters) - The U.S. Justice Department has reached a $613 million settlement with U.S. Bancorp (USB.N) ...

HMRC wins tax case against BBC presenter

HMRC wins tax case against BBC presenter
By Mark SweneyRuling at Royal Courts of Justice for former Look North host Christa Ackroyd could have impact on more BBC presentersA number ...

Bitcoin is 'noxious poison', says Warren Buffett's investment chief

 Bitcoin is 'noxious poison', says Warren Buffett's investment chief
By Julia KolleweBitcoin is heading towards $10,000 again, despite comments from the US billionaire Charles Munger who described the digital ...

Who's behind the blog

Who's behind the blog

SOCIAL MEDIA