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.