News
Lankan firms exposed for offshore accounts
View(s):Thirty Sri Lankan companies are maintaining accounts in ten offshore jurisdictions, the International Consortium of Investigative Journalists (ICIJ) has revealed. The Consortium has laid bare their names in a website offshoreleaks.icij.org/ which allows readers to explore the relationships between clients, offshore entities and the lawyers, accountants, banks and other intermediaries who help to keep these arrangements secret, the ICIJ said.
While thirty-one Sri Lankan entities pop up on the ICIJ search engine, one is a Bangladeshi entity that is erroneously listed amongst them. The ten offshore jurisdictions include the British Virgin Islands, the Cook Islands and Singapore.
The information is a portion of the 2.5 million leaked files ICIJ has analysed with 112 journalists, including from Sri Lanka, and more than 40 media organisations in 58 countries, the group says.
The ICIJ says that its investigation —called Offshore Leaks by the Twittersphere and the public —has shaken the political and economic establishments from South Korea to Canada, sparking investigations, resignations and a renewed sense of urgency among world leaders that this is the time to rein in offshore abuses .
Follow @timesonlinelk
comments powered by Disqus