FT Uncovers Network of Shell Firms Exporting $90 Billion in Sanctioned Russian Oil
A Financial Times investigation reveals a network of nearly 50 shell companies exporting over $90 billion worth of sanctioned Russian oil while concealing their origins.
The AFA Money Route: suggestive coincidences with firms and defendants in the insurance scandal
An investigation reveals that lawyer Juan Pablo Beacon facilitated money transfers from the Argentine Football Association to shell companies in Miami, indicating potential financial misconduct.
Natural gas from Venezuela, not oil, could be a big initial prize
Venezuela's vast oil reserves are overshadowed by the untapped potential of its natural gas fields, particularly off its eastern coast, which foreign companies are now keen to develop.
Trump lifts oil sanctions on Venezuela and gives the green light to Repsol and other sector giants
Donald Trump has officially lifted sanctions on Venezuela's oil, allowing companies like Repsol, Chevron, BP, Eni, and Shell to resume operations in the country.
How the 'Panagopoulos network' operated: communication companies and cash hand-to-hand payments
The article discusses the operations of the 'Panagopoulos network', revealing concerning findings about shell companies involved in state and European fund mismanagement through direct contract assignments without proper personnel or infrastructure.
Shells
The article discusses allegations of embezzlement and money laundering involving Giannis Panagopoulos and six other individuals along with six companies, whose accounts have been frozen and are referred to as 'shells'.
Panagopoulos Case: Six shell companies and total withdrawals exceeding 2 million euros unraveled the investigation
The investigation into the Panagopoulos case revealed a total of 73 million euros in educational program funds, linked to six shell companies manipulating contracts through alternating bids.
Investigation launched into AFA's banking movements and requests data on U.S. shell companies
Judge Luis Armella has ordered an audit of all banking transactions by the Argentine Football Association (AFA) at Banco Credicoop since 2021, focusing on the activities of Javier Faroni and his wife.
Five suspects arrested in Germany for violating sanctions against Russia
Five individuals were arrested in Germany on suspicion of violating sanctions imposed on Russia by exporting equipment for weapon manufacturing through shell companies.
Shell, BP and other oil companies prepare to cut billions in shareholder payments
Europe's major oil companies are set to collectively reduce their shareholder payouts by 10% to 25% amid lower oil prices and the need to protect their financial health.
Germany: Arrest of 5 suspects for violating sanctions against Russia - They exported weapon manufacturing equipment to Moscow
Five individuals were arrested in Germany on suspicion of violating sanctions against Russia by exporting weapon manufacturing equipment to Moscow through shell companies, with alleged involvement from Russian intelligence services.
Business through shell companies: The domestic intelligence service warns about Russia's arms buyers
Germany's domestic intelligence service has issued a stark warning regarding covert Russian attempts to acquire advanced technology for weapons programs through shell companies and its intelligence agencies.