Afoko appears in Panama papers

By on
1.8434618Paul Afoko, the suspended Chairman of the opposition New Patriotic Party (NPP) is listed in the leaked Panama Papers.

Afoko, is shown in the documents released today, May 9, 2016 as a shareholder in a company known as West African Petroleum Company. The company registered in the jurisdiction of the British Virgins Island, one of the very popular tax havens, was incorporated on January 13, 2005 with an address in Amman, Jordan.

The documents indicate that the company is still active.

There is also a Thailand address about the same company linked to Afoko.

The document states the following address in Thailand- 159/75 Moo 2; Bo Phut; Chaweng Beach; Koh Samui; Suratthani 84320, Thailand.

Following the breaking of news about the leaked Panama Papers, showing how the world’s rich and powerful hide their wealth using shell companies in tax havens, some institutions like the Tax Justice Network, Transparency International and the US government have been calling for laws to regulate anonymous companies.

“All governments should join the UK, Norway, Netherlands and the Ukraine, who have pledged to require companies incorporated in their jurisdictions to collect and publically disclose their beneficial ownership information in a central register. If only a few countries sign up, it will remain difficult to track international financial flows,” Transparency International has said.

-ghanabusinessnews

ABOUT: Nana Kwesi Coomson

[email protected]

A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

view all posts by: Nana Kwesi Coomson  

Leave a Reply

Your email address will not be published. Required fields are marked *

ABOUT 233TIMES

233times.com is a Ghanaian media house which serves as a major source of exclusive interviews ,music and video downloads, news and more.

233times.com reports on major events,news covering entertainment, politics, sports, etc from within Ghana, Africa and beyond.

We have a platform for the amateur artistes to portray their staggering talents ...more...

WE ON SOCIAL MEDIA. FOLLOW US

facebook twitter youtube google plus linkedIn

To advertise with us or make enquiries, please visit 233times.com/advertise or call +233249455142 (Selorm), +233248185848 (Nana Kwesi)