Luis Abinader is linked to Panamanian companies in Pandora’s papers

The president of the Dominican Republic, Luis Abinader, is one of the 14 active world leaders who, according to an investigation by the International Consortium of Investigative Journalists (ICIJ), hid billions of dollars to avoid paying taxes.

The documents leaked and analyzed by 600 journalists from 150 media outlets, among them the Dominican Grupo SIN, which publishes the information in the digital version of Noticias SIN, “show that Abinader is linked to two companies in Panama: Littlecot, Inc, which he owns together with his sister and brother, and Padreso, S.A., of which the three brothers are shareholders”.

The so-called Pandora’s Papers reveal that “both companies were created before Abinader became president. Littlecot was created in 2011 and Padreso in 2014.

The documents show that they were incorporated as holding assets in the Dominican Republic, but do not include details about those assets,” according to Noticias SIN.

The Dominican president “told ICIJ that Littlecot, Inc, controls a family property in the La Romana area, while Padreso S.A. has shares in six other companies that own property and land, mostly owned by his family’s O&M University,” the text adds.

The document released this Sunday puts the spotlight on the secret finances of more than 300 public officials, such as ministers, judges, mayors and generals from more than 90 countries around the world.

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