Bono, the leader of the legendary Irish music bands U2, has been one of the largest investors in Utena, a city 100 km north of the Lithuanian capital Vilnius, for the past decade, 15min.lt news portal said.
Bono
© Reuters / Scanpix

The participation of the world-class musician in Lithuanian business has been revealed by Paradise Papers – an international survey conducted based on the data received by German publication Suddeutsche Zeitung, with the international team of journalists coordinated by the International Consortium of Investigative Journalists (ICIJ) .

Bono's spokeswoman Kathy McKiernan confirmed that Paul David Hewson ( Bono's true name) had been a passive shareholder at the Nude Estates I, a Guernsey company that operates a 3,700-square-meter supermarket Aušra in Utena. Up until 2012, the supermarket was owned by a Malta company Nude Estates 2, which later sold its Lithuanian operations to the Guernsey-registered company.

Based on initial analysis of the Bono investment in Utena, the Lithuanian State Tax Inspectorate took control measures with regard to the Lithuanian company Nude Estates 2 that operates the supermarket.

"With regard to the company, the State Tax Inspectorate is currently conducting control procedures, therefore, there will be no further comment on the situation until they are completed and the results are in effect," said Rūta Asadauskaitė, spokeswoman for the tax inspectorate.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuanian food watchdog receives four complaints over needles in food

Lithuania's State Food and Veterinary Service has received four complaints over this week on needles...

In response to criticism over pension cuts, Šimonytė tells Ušackas he was in same Cabinet

In response to criticism from Vygaudas Ušackas over pension cuts, Ingrida Šimonytė reminded her...

Lithuania will have more business financing alternatives

Lithuania creates one of the most favourable conditions in the European Union for the activities of...

Belarus' road repairs may cause traffic restrictions at Lithuania's Medininkai checkpoint

The Lithuanian State Border Guard Service (VSAT) has warned of possible temporary traffic...

Money laundering story casts shadow on whole Baltic banking sector - Lithuanian c.banker

The recent money laundering story involving banks operating in the Baltic states has a negative impact...