Updated: October 14, 2021 10:54:50 am
SHAEL OSWAL, singer and scion of Oswal Group, used his offshore company in the British Virgin Islands to market coal sold by an Indonesian mining company that he partly owned, according to records in the Pandora Papers investigated by cricline app.
soccernet bpl,During 2010-2011, records show, almost the entire sale of coal mined by PT Garda Tujuh Buana TBK (GTBO) took place through Briskon Holdings Ltd (BVI) which also received over million from the Indonesian company for supplying machinery.free slot playtech
In 2009, Oswal moved to Singapore, set up a company structure to hold a 30 per cent stake in GTBO through Alata Overseas PTE Ltd (Singapore), and became the beneficial owner of Briskon Holdings (BVI).,pisa fc
However, records of corporate services provider Asiaciti Trust show that Oswal subsequently declined to comply with due diligence requirements for Briskon Holdings. This “explicit refusal” prompted Asiaciti Trust to brand Briskon Holdings as “not a suitable client”, which “should be transferred” to an alternative provider.,f1 ranking
hii sms,An internal file note of Asiaciti outlines the situation in a telephone conversation with Oswal’s representative, who is identified only as “NS”.
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“NS further repeatedly stated that he and SO (Shael Oswal) would not provide documents or further details, as these were ‘not our business’ and that other service providers would not request them… (we) did not agree with this assertion, however, it was clear from NS’s aggressive behaviour during the call that argument would be futile,” the note said.,football today
In two communications to Oswal in March and July 2012, Asiaciti flagged “an increase in activity” of Briskon Holdings which was used for “purchase and sale of mining assets” until Oswal became the beneficial owner.,bestway pools
football sites that predict correctly,On the list of Asiaciti’s concerns were:betway ghana football sites football sites that predict correctly ub play poker
kuwait cricket,While he did not comply with the due diligence requests, Oswal made certain disclosures for shifting Briskon Holdings to another service provider. These include:play 888 poker fifa prediction site french open odds tennis
mr clean,By September 2012, Oswal shifted Briskon Holdings to another corporate service provider in Singapore. In 2014, the offshore company was struck off the BVI Registry for non-payment of fees.
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