Shell Companies Quotes

We know India is very focussed on black money; it is a very high-focus subject and we have been very careful to make sure the investments into India are legitimate. There is no 'round-tripping' or hot money or bad money being funnelled through Singapore.

There will be huge scandals because there is too much money washing around …. And we don’t know who’s behind it.

Shell companies can be owned by other shell companies; opaque offshore vehicles are carefully designed so that regulators can't identify who is using them; with the right accountants, they can be set up quickly and easily.

More and more, the superrich don't live in one place but many, flitting between multiple homes on different continents, flying to them on private jets, perhaps, concealing many of their real estate purchases through webs of shell companies and trusts.

The box office is a black money laundry shop. No business is straight.

It's bad form to mention money-laundering. Instead, you talk about asset-management structures and tax beneficial schemes.

Corruption and illicit financial flows are different. But they really must be twinned. This is because, for practical purposes, it is an eminently more sensible approach to treat most of the sources of illicit financial flows as corrupt activity, within a broader use of the term.

Our international banking system allows banks to accept funds gained from tax evasion and other crimes and thereby facilitates and encourages embezzlement by public officials, especially in developing countries, as well as tax evasion and tax avoidance by multinational corporations.