Nihal Sri releases latest book on Overseas Corporate Structures

Nihal Sri Ameresekere’s 11th book in a series of books, Overseas Corporate Structures, which Hide ‘Real Owners’ (published by Author House), documenting revelations in real case studies and dealing with subjects of corruption, fraud, economic crime, governance, and the rule of law, discloses in incisive detail strategies and facts, as to how real owners of assets and funds stash such assets and funds, in foreign regimes, hidden under a veil of complex corporate and trust structures, with real owners as beneficiaries, thereby impeding the tracing of such assets and funds, as required under the UN Convention

Against Corruption in instances of politically exposed persons and in tracing proceeds of crime.

Author reveals, with documentary evidence, extensive details of incisive investigations meticulously carried out by him, in tracing foreign assets and funds hidden in a complex structure of nominee companies, established in several foreign regimes, allegedly of a

phenomenally successful, politically high-profile entrepreneur, who tragically crashes in his Lear JetAircraft in the Straits of Malacca, resulting in much speculation and contro- versy.

Author demonstrates t he modus operandi, as to how funds and assets of politically exposed persons, forced to flee their countries, with siphoned resources of the

impoverished people, could be hidden under complex corporate structures, set-up by professional organizations, providing nominee directors and nominee shareholders, with trust instruments, with the real beneficial owners, as beneficiaries of such trusts, thereby frustrating the tracing of their identities, and consequently the assets siphoned to foreign regimes.

Author’s investigations disclose secret complex corporate structures, headquartered in Hong Kong, with visible corporates operating in Malaysia, Singapore, Thailand, UK, and USA, with the ultimate beneficial owner’s secret trusteeship traced to an administrator in Lichtenstein, who does not dispute the name of the real beneficial owner, but requires proof of death and devolution on claimants.

This is an invaluable book to those engaged in investigating and tracing wealth stashed away in foreign regimes by politically exposed persons hounded from their countries or in tracing proceeds of crime.

The book sheds light on judicial proceedings vis-a-vis intestate estates of issueless deceased, analyzing the incongruousness of legal interpretations, and classical instances of unequal treatment before the law, tainted with politically inspired conduct. This is a valuable handbook to those involved in forensic accounting, investigations and law, and to those engaged in academic, educational and real endeavors in tracing assets and funds hidden in foreign regimes - an integral component of the UN Convention Against Corruption.