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Wire transfers related to suspected shell company
activities accounted for hundreds of millions of dollars of FBME's financial activity between 2006 and 2014.
17) The only tangible component of a shell company
may be a post office box; in other words, shell corporations are often "hollow" companies.
The deal was structured this way - via the purchase of assets rather than company shares - so that Asiatrust's shareholders would still be left with the shell company
One of the most obvious illicit uses for a shell company
is when a brand new shell company
is set up and sold to foreign interests without actually operating as anything first.
Chrysler Group LLC (Chrysler), a United States-based automaker, has reached a deal with Shell company
holding to which the automaker had sold its old assets.
For his part, Director of the Syrian General Company for the Storage and Distribution of Petroleum Products Nur Eddin Makhlouf said that many of the proposals of Shell Company
are taken into consideration.
A SHELL company
is defined as one which exists only in name.
In come cases, he set up a shell company
and generated false invoices to make his firm the main creditor of the business.
When contemplating a reverse merger, for example, a company must be prepared to surrender as much as 20 percent ownership to the shell company
Subsequent to the sale of the shell company
to Sealord, LLC from Fidelity & Deposit Co.
An investor group led by VS&A Communications Partners II, LP (New York), an equity affiliate of Veronis Suhler Stevenson, and including Centaur Communications company founder/chairman Graham Sheeren, has sold Centaur Communications (London) to Centaur Holdings (London), a new shell company
underwritten by brokerage firm Numis Securities (London), for 145 million [pounds sterling].