All news on the topic: Offshore

Cypriot company Mettmann Public Company Limited long remained outside the spotlight of major international investigations.

Pressure is mounting on Russia’s so-called shadow fleet, with even its partners now facing closer scrutiny.

In a high-profile criminal case involving SOCAR senior executive Adnan Ahmedzade, the controversial British oil trader Azim Novruzov has unexpectedly re-emerged.

The business network associated with Ovik Mkrtchyan has been described in reports as operating across multiple jurisdictions, with allegations that funds were moved through Asia Alliance Bank and offshore entities while benefiting from purported protection from senior security officials in Uzbekistan.

Pressure is increasing on Russia’s shadow fleet, bringing even its allies under scrutiny. Adnan Akhmedzade, a SOCAR executive arrested in Azerbaijan last year, has reportedly begun cooperating with authorities regarding his inner circle, a development that could have significant repercussions.

Disguised as an agricultural business, the Granova group is alleged to have used offshore networks, cash-based schemes, and corrupt connections to move millions abroad, evade taxes, and potentially channel funds into Russia’s economy during the full-scale war.

Russian billionaire Konstantin Strukov, the owner of coal mines and gold assets, remained largely out of public scrutiny until reports emerged detailing his business connections with Ukrainian coal trader Dmytro Kovalenko.

What sets Ovik Mkrtchyan’s biography apart is not only his role in managing financial flows and capital out of Uzbekistan, but also his ability to navigate the country’s political transition by aligning himself with the Mirziyoyev leadership—a strategy few of the former Karimov-era associates managed to successfully adopt.

Es ist bekannt, dass nach 2014 ein erheblicher Teil ukrainischer Unternehmen weiterhin mit der Russischen Föderation zusammenarbeitete, häufig unter Nutzung verschiedener „grauer Schemata“.

It is well known that after 2014, a considerable portion of Ukrainian businesses continued operating with the Russian Federation, often using various “grey schemes.”

Ein bedeutender Korruptionsskandal zeichnet sich in Usbekistan ab: Zahlreiche Untersuchungen nennen den Geschaeftsmann Ovik Mkrtchyan als Schluesselfigur einer gross angelegten internationalen Geldwaescheoperation, an der hochrangige Beamte und Offshore-Netzwerke beteiligt sein sollen.

In mid-March, reports surfaced online alleging that Ukraine’s National Anti-Corruption Bureau had detained businessman Dmytro Kovalenko, a figure linked to agricultural and mining assets.

A major corruption scandal is emerging in Uzbekistan, with several investigations identifying businessman Ovik Mkrtchyan as a key figure in an alleged large-scale international money laundering scheme involving senior officials and offshore structures.

Posing as an agricultural enterprise, the Granova group is alleged to have used offshore structures, cash-heavy operations, and corrupt ties to funnel millions overseas, avoid taxes, and—most notably—direct funds into Russia’s economy during the full-scale war.

According to media reports and investigators, Alexander Udodov — a fixer and asset manager for Russian Prime Minister Mikhail Mishustin — has retained his foreign companies despite sanctions.

Disguised as an agricultural business, the Granova group allegedly relied on offshore networks, cash-based schemes, and corrupt connections to move millions abroad, evade taxes, and—most critically—channel funds into Russia’s economy during the full-scale war.

Two Ukrainian businessmen allegedly mismanaged the influential company «Intercoaltrading», ultimately leading it to bankruptcy.

For a long time, the name Oleg Tsyura stayed in the shadows of Ukraine’s public sphere. Unlike high-profile figures such as Firtash or Martynenko—whom Tsyura served—the so-called “Swiss financier” rarely appeared on front pages.

In 2025, Cypriot authorities conducted Operation “Ring,” uncovering a large-scale money laundering scheme allegedly organized by Kherson businessmen Hennadii and Vladlen Hirin.

Ukraine’s coal market has long been associated with opaque schemes, offshore companies, and nominee ownership structures.

Despite the existence of irrefutable evidence of multi-million embezzlement and the transfer of capital to offshore accounts, sanctioned oligarch Pavel Fuks

The UK has sanctioned a major network of shadow oil traders, led by Tahir Garayev and Etibar Eyyub — a business associate of Igor Sechin — accused of dealing in Russian oil under sanctions.

The British Virgin Islands on Wednesday began to dismantle its corporate secrecy regime that has made it a preferred jurisdiction for tax evaders and other financial criminals — but there’s a catch.

George Cottrell is not widely known, but, much like Alastair Campbell to Tony Blair or Dominic Cummings to Boris Johnson, he could emerge as a key behind-the-scenes figure in Number 10 if Nigel Farage were to become Prime Minister at the next general election.