Mintoo, family on Paradise Papers
Names of businessman and BNP Vice Chairman Abdul Awal Mintoo, his wife and three sons surfaced in Paradise Papers as shareholders of NFM Energy Ltd, a gas drilling exploration company.
The massive document leak known as Paradise Papers reveals Awal, his wife Nasreen Fatema Awal, and three sons -- Tabith Mohammed Awal, Tafsir Mohammed Awal and Tajwar Muhammed Awal – are shareholders and held top positions of the offshore company registered in Bermuda since 1999.
Tax-haven financial records are laying bare some of the financial secrets of the world's elite, from the Queen of the UK to US president's commerce secretary, along with more than 120 politicians across the globe.
The 13.4 million files in what is being dubbed the Paradise Papers come largely from Appleby, one of the biggest offshore law firms on the planet, which was founded in Bermuda and has branches in tax havens around the world.
Dubbed the Paradise Papers, a trove of 13.4 million records exposes secret ties, dealings and the offshore interests more than 120 politicians around the world.
The leaked documents show how deeply the offshore financial system is entangled with the overlapping worlds of political players, private wealth and corporate giants that avoid taxes through increasingly imaginative bookkeeping maneuvers, according to International Consortium of Investigative Journalists.
The International Consortium of Investigative Journalists (ICIJ) has publishes new data in the Offshore Leaks Database on close to 25,000 entities connected to the Paradise Papers investigation.
The new records come from the offshore law firm Appleby and cover a period of more than six decades through to 2014 of entities registered in more than 30 offshore jurisdictions. It includes information from shareholders, directors and other officers connected to offshore companies, foundations and trusts. It also reveals the names of the real owners behind those secret structures, when available.
More than 70 percent of the new records belong to entities incorporated in Bermuda and the Cayman Islands. Other jurisdictions that also include hundreds of new records are the Isle of Man, Jersey and Mauritius. Most of the online registries from these jurisdictions don’t provide ownership or shareholder information