Azerbaijani Laundromat includes two Malta firms
Azerbaijani Laundromat includes two Malta firms Over €440,000 passed through Malta firms for UK shell company employed in Azerbaijani slush fund Malta-registered companies have been featured in the extensive global network through which money from an Azerbaijan slush fund passed. The data features in revelations published by the OCCRP (Organised Crime and Corruption Reporting Project) into the so called ‘Azerbaijani Laundromat’, a complex money-laundering operation that handled €2.5 billion over a two-year period through four shell companies registered in the UK. From 2012 to 2014, the money was used by the country’s ruling elite to pay off European politicians, buy luxury goods, launder money, and otherwise benefit themselves. During the same time period, the Malta company Vostok Media Exchange Ltd was used to process a total of €438,000 in nine separate payments to an English company, Metastar Invest LLP; while Metastar paid another Maltese company, Wise Holding Ltd, €9,510. Vos...