Report: Azerbaijani, Georgian Political Elite Own Offshore Companies in British Virgin Islands
Georgian Prime Minister Bidzina Ivanishvii and Azerbaijani President Ilham Aliyev have been named as owners of companies registered in the offshore tax haven of the British Virgin Islands, according to a 15-month investigation by the Washington, DC-based International Consortium of Investigative Journalists.
The list of such owners, published in an April 3 report called "Secrecy for Sale: Inside the Global Offshore Money Maze," names Ivanishvili as the director of the Bosherton Overseas Corporation, registered in the British Virgin Islands in 2006 and "still in existence," according to the report. Aliyev and his wife, Mehriban, were listed as directors of Rosamund International as of 2003, the year Aliyev first came to power.
Their daughters, Arzu and Leyla, are registered as the director and a shareholder in Arbor Investments, and in LaBelleza Holdings Ltd and Harvard Management Ltd, respectively.
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