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Sri Lankan millionaire businessman's offshore trusts revealed
News The International Consortium of Investigative Journalists (ICIJ) received a noncommittal response from Sri Lankan businessman Thirukumar Nadesan, refusing to answer questions regarding millions of dollars he and his wife hold in offshore trusts and shell companies. Responding through the couple’s London-based law firm, they claim they are “under no obligation” to explain their financial dealings to journalists and that the information sought by ICIJ, an international network of investigative journalists, was “self-evidently private and confidential”. Details regarding Mr and Mrs Nadesan’s offshore wealth are contained in a cache of leaked documents from Asiaciti Trust, a Singapore-based financial services provider. It shows their connection to several offshore entities which were used to anonymously store wealth and make acquisitions in such assets as artwork and luxury apartments. The ICIJ’s analysis of a single Nadesan trust’s financial statements alone amounted to around US$ 18mn. The ‘Washington Post’ and ‘The Guardian’ newspapers were among a large number of news outlets that broke the ICIJ investigations to offshore accounts of dozens of political leaders and businessmen around the world late last night. The records were among nearly 12 million files from Asciaciti and 13 other offshore providers obtained by ICIJ and shared with global media partners as part of the 14-month Pandora Papers investigation. Asiaciti has said the firm is “committed to the highest business standards, including ensuring that our operations fully comply with all laws and regulations.” In 2016, Mr Nadesan was arrested by the Financial Crimes Investigations Division (FCID) in connection with a land and house in Malawana with “mysterious” ownership. In the letter to ICIJ, he contested the charges as “spurious and politically motivated” amounting to a “travesty of justice”. But for the delays caused by COVID-19, his lawyers insisted, he is confident he would have been exonerated by now. The leaked documents—nicknamed the ‘Pandora Papers’—held information regarding Mr Nadesan’s activities as far back as 1990, when he set up a trust and a shell company in the Channel Islands named Pacific Commodities Ltd. It collected millions of dollars advising foreign companies doing business with the Sri Lanka Government. Another company named Rosetti Ltd was set up on the Channel Island of Jersey in 1991 to provide consulting services “mainly in relation to inward investment into...
IFC Active Investment Projects by Country - WBG Finances One
Data Provided ByWorld Bank GroupOwnerDate CreatedAug 01, 2024Last UpdatedApr 26, 2026Data As OfApr 26, 2026Licensing and AttributionLicenseCreative Commons Attribution 4.0 InternationalAdditional InformationTypeTime SeriesRow LabelProject NumberSourceWorld Bank GroupPeriodicityDayGranularityProjectUpdate FrequencyDailyEconomy CoverageWorldTemporal CoverageList of projects from inception to dateRange Columndate_disclosed, ifc_approval_date, as_of_dateGeneral Access OptionsQuery tool,API,Mobile App,Bulk downloadLanguageEnglishUpdate ScheduleDaily updates when new records are availableData Last UploadedApr 26, 2026Metadata Last UpdatedJun 30, 2025ScopeInstitutionTopicsTagsCurrently the dataset is being refreshed please check after few minutes
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