“What Balderas didn’t mention in his two and a half hours before the commission—what the Panama Papers now reveal—was that, just weeks prior, Triple Canopy had acquired Edinburgh International, a Dubai-based military contractor, operating out of a suite of offshore companies in the British Virgin Islands, registered for a time through the Panamanian law firm Mossack Fonseca….
That acquisition—run through an offshore shell company, Trifecta International Holdings Inc., that Triple Canopy created specifically for the purchase—gave one of America’s larger and more controversial security contractors a business structure with the potential to sidestep the very same U.S. oversight and accountability that Balderas had made a selling point to the commission.”
Source: What Makes Erik Run? « LobeLog
