Dubai Papers: French media unveils UAE based International Money Laundering network

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September 6 2018

The French magazine L’Obs has exposed an international tax evasion and money laundering network, which is based in the United Arab Emirates. The magazine attained crucial documents (Dubai Papers) of the Helin Group of companies, under the investigation of Geneva and France courts.

Well-installed in UAE’S Ras al-Khaimah; the company’s dissimulation methods were used by at least 200 people, including European aristocrats (Michel of Yugoslavia), Italian art dealers and decorators, French patrons (including Frédéric Laporte of the Dinh Van brand) and Russian oligarchs like Vladimir Nekrasov, first vice president of Lukoil.