Shedding Light on Big Secrets in Tiny Luxembourg
Dodgy money from around the world has poured into secretive shell companies based in Luxembourg. Here’s why it was possible — and how we exposed them.
Dodgy money from around the world has poured into secretive shell companies based in Luxembourg. Here’s why it was possible — and how we exposed them.
Why does Luxembourg matter? What’s a beneficial owner? Where did the OpenLux data come from? And how did OCCRP and partners manage to use it, anyway?
Sukanto Tanoto, who has been called the top driver of deforestation in the world, used companies in Luxembourg to purchase the so-called “Ludwig” complex.
Data in Luxembourg’s UBO registry shows the tiny Grand Duchy is a favored destination for oligarchs, tycoons, and royalty looking to snap up some of the continent’s most expensive real estate.
The 33-year-old son of Oleg Toni has homes on the French Riviera, a Paris apartment, property on Spain's Mediterranean coast, and much more. Many of the properties are owned through secretive companies registered in Luxembourg.
When Luxembourg opened up its register of beneficial owners in 2019, the new data revealed a surprising fact: Hundreds of children own or hold significant stakes in companies based in the grand duchy.
People linked to alleged corruption in Venezuela appear to have invested millions in luxury properties in the Caribbean.
Nikola Petrović, a close friend of Serbian President Aleksandar Vučić, has done business with Stanko Subotić, a controversial figure with long-standing ties to organized crime. Data from the new OpenLux project reveals that Subotić sold an aviation firm to Petrović for what appears to be a hugely discounted price, through companies in Luxembourg.
Investigators were unaware of Luxembourg firms held by politically powerful people implicated in corruption and crime scandals.
Investigators say they are closing in on Alejandro Betancourt, while his associate Francisco Convit, is on the run. Now, journalists have discovered their holdings in Luxembourg.
Data in Luxembourg’s UBO registry may help unlock an investigation into the Macri family’s lucrative dealings in six wind farms.
New information raises questions about the relationship between a Serbian businessman who earned millions from selling land around Belgrade’s airport, and a Portuguese ex-minister whose law firm advised on the airport deal.