Singapore-based firm mentioned in Pandora Papers leak: When are shell companies legal?

The Pandora Papers dump of more than 11.9 million records allegedly ties world leaders to secret stores of wealth. PHOTO: AFP
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Asiaciti Trust, a Singapore-based offshore services provider, has been in the public eye since the biggest trove of offshore data on the world's richest and most powerful people was leaked earlier this month.

According to the International Consortium of Investigative Journalists (ICIJ), the organisation that received the leaked documents dubbed the Pandora Papers, Asiaciti helped hundreds of clients across the world set up and manage trusts and shell companies in secrecy jurisdictions.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.