The 4Finance payday loan company, put up in 2008 by four Latvian pupils, had been bought out in late 2009 by associates of alleged oligarch Andris Е Д·Д“le and businessman that is well-known Martinsons. These people were in a position to escape taxes that are paying money loans very nearly totally through the use of businesses in Malta and Belize, based on document copies acquired by the EIC work of investigative reporters.
- The tale ended up being written with the aid of Journalismfund.eu, EIC, and reporters Odobescu that is vlad), BlaЕѕ Zgaga (Slovenia) and Matthew Vella (Malta).
Over the past 3 months, the EIC work of reporters has dug into thousands and thousands of papers that demonstrate just how Malta runs a income tax system where organizations spend the cheapest income tax on earnings when you look at the EU.
The study has had together 13 news and 49 reporters in 16 nations and 12 languages.
A study by Rus.lsm.lv sheds light on which the alleged Malta files suggest for Latvia.
An inverted ownership history emerges
The popular cash advance organizations SMS Credit and Vivus, that have been later on reorganized into 4Finance, were put up in 2008 by four previous pupils in the Stockholm class of Economics in Riga. Continue reading