The company, Savaro Ltd, is registered at a London address, and like all British firms is required to list who owns it with Britain's companies register, known as Companies House. "The person who was and has always been the UBO (ultimate beneficial owner) of the company was always the same. Margaret Hodge, a British lawmaker and former cabinet minister who headed parliament's public affairs committee from 2010-2015, called the apparent failure to list Savaro's ultimate beneficiary at Companies House "outrageous". John Mann, a member of Britain's House of Lords who has investigated the use of UK-registered companies in illicit activity, said the case showed the need for stronger enforcement of Britain's company disclosure rules. Psyllou's firm Interstatus has been listed since 2006 as the company secretary for Savaro, responsible for fulfilling its reporting requirements, and another Interstatus company was initially listed as Savaro's owner.

Source: bd News24 January 22, 2021 21:45 UTC