The president of Dominican Republic, Luis Abinader, is one of 14 active world leaders who, according to an investigation by the International Consortium of Investigative Journalists (ICIJ), hid billions of dollars to avoid paying taxes.
The documents leaked and analyzed by 600 journalists from 150 media, including the Dominican Group SIN, which publishes the information in the digital version of Noticias SIN, “show that Abinader is linked to two companies in Panama: Littlecot, Inc, which together with his sister and brother, and Padreso, SA, of which the three brothers are shareholders ”.
Those baptized as Pandora Papers reveal that “Both companies were created before Abinader became president. Littlecot was created in 2011 and Padreso in 2014 ″.
“The documents show that they were incorporated as holders of assets in the Dominican Republic, but do not include details about said assets.” As published by Noticias SIN.
The first Dominican president “He told ICIJ that Littlecot, Inc, controls a family property in the La Romana area, while Padreso SA has shares in six other companies that own property and land, mostly from his family’s O&M University.ia ”, adds the text.
The document released this Sunday focuses on the secret finances of more than 300 public officials, such as ministers, judges, mayors and generals from more than 90 countries around the world.
Melissa Galbraith is the World News reporter for Globe Live Media. She covers all the major events happening around the World. From Europe to Americas, from Asia to Antarctica, Melissa covers it all. Never miss another Major World Event by bookmarking her author page right here.