Bono Named In Paradise Papers Leak

U2 frontman Bono has been named in the Paradise Papers, leaked papers revealing investments in tax havens. They suggest he used a company based in low-tax Malta to buy part of a shopping mall in Lithuania.More »

By on November 7, 2017

U2 frontman Bono has been named in the Paradise Papers, leaked papers revealing investments in tax havens. They suggest he used a company based in low-tax Malta to buy part of a shopping mall in Lithuania. Bono’s spokeswoman told the paper that Bono was a “passive minority investor in Nude Estates Malta Ltd., a company that was legally registered in Malta until it was voluntarily wound up in 2015.” The Guardian reported that the “Paradise Papers” reveal that the singer was an investor in Maltese company Nude Estates, which bought the Ausra shopping center in 2007. Its management has told reporters they were not aware Bono’s involvement in the property’s ownership. Tax officials in Lithuania said that they have started to investigate papers and documents belonging to UAB Nude Estates 2, a Lithuanian registered company owned by Nude Estates Malta Ltd. and listed as the mall’s owner. Copyright(c) 2017 RTTNews.com. All Rights ReservedLess «