Yaudet Burbara Canahuati, businessperson and popular Honduran legislator who is running for re-election for his fourth term, did not declare his assets to the Court of Accounts in 2010, as he is obliged to. It was not possible to establish if he declared the funds he had in the British Virgin Islands of the offshore company he managed there since 2015. Although the law prohibits it, his family’s hotel has signed several contracts with the state.
Category: Special: Pandora Papers
After selling equipment to Social Security for three times its value, according to the Attorney General’s Office, businessperson Fauzi Rishmawy created multiple companies in tax havens. Equipos Industriales, Rishmawy’s Honduran company, continues to be a state contractor and is one of the suppliers of the Honduran Energy Company (EEH), which manages the bills and distribution of energy in the country.
After Honduran politician Yankel Rosenthal’s marathon in the courts, new offshore businesses come to light
During the trial that ended in a two-year prison sentence in the United States for attempting to do business with drug traffickers, it was revealed that former Honduran minister Yankel Rosenthal Coello had three offshore companies. This journalistic investigation found that he actually had six other companies in tax havens.
An analysis of thousands of documents from the Pandora Papers has revealed that the former politician and cattle rancher owned three shell companies in Panama, and that his wife, Rosa Elena Bonilla, managed an offshore company while she was first lady. Lobo’s son and a former right-hand man both sought to create companies in tax havens. Adding to their woes, the former president and his wife were both named on the Engel List, and Bonilla is currently facing a corruption trial.
Current mayor of Tegucigalpa and popular presidential candidate Nasry Asfura, and former mayor and current vice-president of Honduras Ricardo Álvarez, managed offshore companies in Panama while in office. The revelation is particularly important considering they have both been investigated for alleged embezzlement. So far neither of them has offered explanations for the offshores.