Report launch: Transparency International finds thousands of São Paulo properties are secretly owned
A new investigation finds billions of dollars worth of property in South America’s biggest city linked to secrecy jurisdictions
Issued by Transparency International Secretariat
Transparency International will launch a new report on 10 April, following a year-long investigation into property ownership in São Paulo. It shows that billions of dollars’ worth of property is linked to secrecy jurisdictions making it impossible to find out who is the real beneficial owner.
This is a red flag for money laundering. The report identifies the properties in key locations and companies involved. It uses data that was publicly released for the first time at Transparency International’s request.
Does corruption live next door?
10 April 2017
06:00am Berlin time (01:00am São Paolo time)
Available online at http://www.transparency.org
Embargo copies of the report and press release are available on request from firstname.lastname@example.org.
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