Panama Papers show Cuba used offshore firms to thwart embargo
Source: Miami Herald
The Cuban government used the Panama law firm involved in the Panama Papers to create a string of companies in offshore financial havens that allowed it to sidestep the U.S. embargo in its commercial operations.
El Nuevo Herald identified at least 25 companies registered in the British Virgin Islands, Panama and the Bahamas and linked to Cuba.
The documents found in the Panama Papers are dated as far back as the early 1990s, when the Cuban economy crashed following the end of Moscow’s massive subsidies to the island. But Cuba kept its links with some of the firms until very recently.
Listed as a director of one of the companies is a brother of Gen. Luis Alberto Rodríguez López-Calleja — husband of Cuban ruler Raul Castro’s daughter and powerful head of the Cuban armed forces’ business conglomerate, GAESA.
Read more: http://www.miamiherald.com/news/nation-world/world/americas/cuba/article82214612.html
Looks like using Mossack Fonseca's services is not exclusively a dirty capitalist pig thing.
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