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.
The Pandora Papers dump of more than 11.9 million records allegedly ties world leaders to secret stores of wealth.PHOTO: AFP

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.

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