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Offshore Companies "Came to Light" in Belarus

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Offshore Companies "Came to Light" in Belarus

Offshore scandal which arose in the end of the past week has not yet affected known Belarusians.

On April 3 the world mass media disseminated information about offshore corruption schemes of high-ranking officials and celebrities from different countries. A few stories have come to light. The journalists promise to release the full list of participants "of the offshore scandal" in early May.

It is unknown if Belarusians are in the list.

In world economy offshore companies are a sufficiently widespread and legal way of simplification of entrepreneurship and optimization of taxation. Work through offshore companies is spread in Belarus as well. Their list was approved by the president's decree in 2006 and includes 52 offshore jurisdictions after amendments of 2014 year.

Zavtra Tvoej Strany examined the list of representatives of foreign organizations presented on the site of the Ministry of Foreign Affairs and found out ways for the largest offshore companies to invest funds.

Eastleigh Trading Limited (Cyprus)

Raman Dzumayev was born in Mariupol, 1991. A year later Eastleigh Trading Limited and CHUP BT Telecommunications made an agreement with Belarusian government to build commercial and cultural center next to the House of Government. Public discussion of the construction of two 7-and 8-storeyed buildings was held without any remarks. The complex will involve offices, exhibition facilities, a cafe, a press center, a bank office, a parking area for 245 vehicles.

It is noteworthy that BT Telekommunikatsii was established in 2006 by ZAO Beltechexport to increase management efficiency of shares in the authorized fund of JV OOO DMC.

Millex International Limited (Seychelles)

The representative of the offshore is an operating company of one of the largest holding companies of Belarus RTL Holding (the network Rublyovski), owners are Siarhei Tkachuk - an investor in Belarusian Burger King), Aliaksei Loika, and Georgy Rahazinski.

The Millex International is mentioned in credit agreements of RTL Holding with the International Finance Corporation which has been lending money to a Belarusian holding company since 2008.

Global Transport Investments Inc. (British Virgin Islands)

The representative office of the offshore, according to the Belarusian Foreign Ministry, was established last year in Minsk. It is a founder of the Sky Way companies and raise funds for carrying-out a project of the century – "EcoTechPark Sky Way". It is based on technology of string transport developed by scientist Anatol Yunitski. 35 hectares of Maryina Horkaistrict are given provided for construction of the park. It officially started last year.

Gazitera Invest Limited (Cyprus)

The representative office was opened in 2007 in Minsk. The firm is "registered" at the same address with ITERA group companies in Belarus: Itera-Bel, IteraBelstroi, IteraPet.

DB Juce Company Limited (Cyprus)

The company became a founder of Staraya Krepost (Old Fortress) plant specialized in production of juice in Babruisk. American businessmen Jauhen Kashper, Aliaksandr Livshits and the International Finance Corporation invested in the project.

Earlier the charter97.org informed an offshore related to Aliaksandr Lukashenka and his personal assistant Viktar Sheiman had been found on the Virgin Islands.

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