Sukanto Tanoto Closed down Fictitious Oil Companies in HK

Following the ruling from the Supreme Court of Indonesia that found Sukanto Tanoto’s Asian Agri guilty of tax evasion by using transfer pricing

Asian Agri ships the product (CPO) directly from 16 (sixteen) factories Asian Agri Group Companies in Indonesia to the European buyer, but also makes a paper sale of the goods to its whollyowned affiliate as foreign sales corporations (FSCs) in Macao, Mauritius, and British Virgin Island. The payment from the buyer is routed through Hong Kong Companies that arrange how much money will be sent to Asian Agri Indonesia as an income for tax purposes,

Sukanto Tanoto closed down all of his mailbox fictitious companies in Hong Kong in December 2012.
Twin Bonus Edible Oil, United Oils and Fats, Good Fortune, Ever Resources
http://www.gld.gov.hk/egazette/pdf/20131701/s620131701p2.pdf

THE COMPANIES ORDINANCE
(CHAPTER 32)
———
SPECIAL AND ORDINARY
RESOLUTIONS
OF
UNITED OILS & FATS LIMITED
———
Passed on 28th day of December, 2012
———
The following resolutions were passed as Special
and Ordinary Resolutions by Written Resolutions
of the Sole Member of the Company dated 28
December 2012 pursuant to Section 116B of the
Companies Ordinance in lieu of Extraordinary
General Meeting:—
As Special Resolution
“THAT the Company be and is hereby put into
Member’s Voluntary Liquidation and THAT
Ms. Lim Yi Ping of 12/F., The Lee Gardens, 33
Hysan Avenue, Causeway Bay, Hong Kong be
and is hereby appointed as Liquidator for the
purpose of such liquidation and THAT she is
authorised to distribute to the Sole Member of
the Company in cash or in specie the whole or
any part of the assets of the Company as she
may think fit.”
As Ordinary Resolution
“THAT the Liquidator’s Statement of Account
need not be audited.”
Law Sau Kuen, Grace
Sole Shareholder
UNITED OILS & FATS LIMITED

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: