#PandoraPapers: Czech Prime Minister Andrej Babiš set up a British Virgin Islands company in 2009 that secretly loaned €15m to other shell companies he owned in the U.S. and Monaco.
The money was eventually used to buy luxury French real estate. 1/
occrp.org/en/the-pandora…
The money was eventually used to buy luxury French real estate. 1/
occrp.org/en/the-pandora…
Babiš, who ran on an anti-corruption platform, has previously criticized his political rivals for their use of offshore companies.
But he used similar corporate structures to hide his wealth, which he invested in some of these properties. 2/
But he used similar corporate structures to hide his wealth, which he invested in some of these properties. 2/
“This scheme is a textbook example of money laundering,” one financial crime expert told OCCRP.
Babiš “ended up buying a chateau with money of potentially suspicious origin,” said another. 3/
Babiš “ended up buying a chateau with money of potentially suspicious origin,” said another. 3/
This investigation was a collaborative effort between OCCRP, our Czech member center @investigace_cz, and @ICIJorg, the coordinator of the Pandora Papers project.
Read more of our coverage here:
occrp.org/en/the-pandora…
Read more of our coverage here:
occrp.org/en/the-pandora…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
