They include Indonesia's former army general and opposition coalition leader Prabowo Subianto, as well as the scions of former president Suharto, Tommy and Mamiek. The leak of 1.4TB of data from two offshore service providers and 19 tax havens' company registries makes the Paradise Papers the second-largest data dump after the Panama Papers last year, which involved 2.6TB of data. Similarly, Mr Prabowo's Nusantara Energy Resources, which was established on the British island territory in 2001, was closed by 2004, according to Appleby's records. Mr Low has been linked to alleged efforts to siphon billions of dollars from Malaysian state investor 1Malaysia Development Berhad, better known as 1MDB. "Offshore companies, often 'shells' with no employees or office space, are also used in complex tax-avoidance structures that drain billions from national treasuries," it said.

Source: The Nation Bangkok November 07, 2017 00:56 UTC