An influential shrimp magnate in Madagascar moved millions of dollars among shell companies based in offshore tax havens, raising the possibility that one of the world’s poorest countries is missing out on important tax revenues.
Aziz Ismail, 85, a French citizen born in Madagascar, bought into Madagascar’s shrimp business in 1973. His empire, known generally as Unima, now includes at least eight privately held companies in Europe and Africa that are mainly involved in seafood from Madagascar, where operations are centered.
Ismail has also owned a British Virgin Islands (BVI) shell company called Ergia Limited since 2000, according to files obtained from the now-defunct Panama-based law firm Mossack Fonseca. The files, which date from 2000 to 2016 and were leaked from