Pandora Papers: Businessman linked to Tory donations made millions from alleged fraud - BBC News

Former oil executive Victor Fedotov owns a firm currently seeking UK government approval for a controversial energy link between the UK and France.
bbc.co.uk/news/world-587…
His companies have backed 34 Tory MPs .
The Pandora Papers suggest Mr Fedotov as a secret owner of a company called VNIIST that benefitted from hundreds of millions of dollars in contracts from Transneft, the Russian state-owned oil and gas pipeline company.
Earlier investigations suggest Transneft lost $millions to fraud with VNIIST being one of the beneficiaries.
Turns out Fedetov, through his companies, has donated £700k to the Tory Party.

AND ….remember Johnson’s mate Termerko and his company Aquind that’s involved in the Electricity cable link line above, is, in fact owned by Fedetov.
Now why would he have wanted to keep that hidden all these years?

His connection to Aquind has been hidden through an exemption to UK company laws granted to people with personal security concerns.
Mr Fedotov is now identified on the company's public records, alongside Alexander Temerko, the Ukraine-born public face & part owner of Aquind

Of course Temerko and Aquind are all tied up with Wharton (now A Baron, of course)

This Wharton…the MP (Yarm) who rarely left London
Well well well.

He’s now Chair of the Office for Students despite having no background in teaching or education beyond his own.

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It helps to understand what “offshore accounts” means in this context.

And then we can look at examples about why people might use them

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Financial devices that offer privacy, but also opportunities to hide assets from
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Wowser.

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