Pandora Papers leak: Unravelling trusts, holding companies and shell companies

The papers show Singapore-based Asiaciti Trust helped to set up trusts and shell companies in secrecy jurisdictions for clients.
The papers show Singapore-based Asiaciti Trust helped to set up trusts and shell companies in secrecy jurisdictions for clients.PHOTO: AFP

SINGAPORE - According to the International Consortium of Investigative Journalists (ICIJ), Singapore-based company Asiaciti Trust has helped to set up and manage trusts and shell companies in secrecy jurisdictions for hundreds of clients across the world.

The consortium, an independent network of investigative journalists and media organisations based in Washington, received a trove of leaked documents dubbed the Pandora Papers that included those from Asiaciti Trust.

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