The firm that employs Prime Minister Theresa May’s husband was named in the Paradise Papers data leak, according to a report by Private Eye magazine.
Philip May is a relationship manager at investment advisors Capital Group, which used offshore law firm Appleby to arrange investments in tax havens, Private Eye reported, citing leaked emails.
Capital Group’s Cayman Islands funds, CGPE V LLP and Capital International Private Equity Funds (CIPEF) V LP, invested in a Bermuda-registered South American agriculture company, called El Tejar, the report said.
Both the Cayman Islands and Bermuda are offshore jurisdictions, known for their zero rates of tax.
The leaked emails are part of the cache of documents stolen from Appleby last year, and given to the International Consortium of Journalists (ICIJ). The documents, which detail the complex financial arrangements of some of the world’s richest individuals, have been dubbed the “Paradise Papers.”